irvinehomeowner said:
To add to what Mety said, for the demographic who prefers Irvine, LagNi lacks what they are looking for, diverse dining, proximity to SCP, JFK, work centers etc.
LagNi is great for who likes to live there (think SouthOC demographic) but for FCB money, Irvine is better located and offers what they want beyond just schools.
The closest comparison to Irvine in South OC to me is Aliso Viejo, but that also has the distance thing.
Yes, I think Aliso Viejo is the closest comparison, maybe Tustin Ranch/District/Legacy and Baker Ranch could also be counted.
AV and BR are too far from freeways and Tustin while it may have a better location, their schools are ranked lower. (Notice, it's "ranked" not better or worse.)
Laguna Niguel could be a good place after you retire, buying full cash out of your sold Irvine home instead of buying Travata from CVE, but for growing families up to kids in high school maybe college, Irvine has more target audiences and businesses.
More audience = more ROI.