Is there room for any more homes in O.C.? - OC Register Article

NEW -> Contingent Buyer Assistance Program
Girl In the OC_IHB

Girl In the OC_IHB

New member
http://www.ocregister.com/articles/county-orange-homes-2026294-land-development



<span style="font-size: 13px;">Is there room for any more homes in O.C.?</span>

Orange County has entered a slow-growth phase as it runs out of buildable land, so we might see more condos and townhomes.

By JEFF COLLINS

The Orange County Register





The single-family house is fading fast.



As Orange County runs out of buildable land, the once-iconic symbol of suburban O.C. is yielding to a denser, more urban lifestyle. And the county that once was one of the nation's fastest-growing areas will see much less growth in the future.
 
sigh...



VoC - still selling

Columbus Grove - still selling

Woodbury - still selling

Portola Springs - still selling

Woodbury East - still selling



Orchard Hills - not started

East of Orange - not started

Stonegate - not started

Planning area 40 (Woodbury South) - not started

Laguna Crossing - not started

Great Park residential - not started



Not to mention many of the neighborhoods old and new are filled with plenty of unoccupied homes.

And these are just the neighborhoods within Irvine and Tustin that we discuss heavily here.
 
I better hurry and buy a unit in a high-rise condo tower. There is no more land, everyone wants to live here, and we are creating six figure jobs like crazy.



Oh... wait, I think the heat has gotten to me. <a href="http://www.ocregister.com/articles/highrise-real-estate-2026231-orange-county">Nevermind, towers are bad um kay</a>. Ah... <a href="http://www.ocregister.com/ocregister/money/yourcounty/article_1105287.php">it reminds me of this article on the flippers there</a>.



See... here is what the "experts" say.



[em]Veronica Hicks, an agent with Condos etc. in Irvine who represented Quinn, said the seller still made a profit above the original price of about $665,000.



She said the number of units for resale should increase as Bosa closes escrow on the final units in its second tower. Some investors will have to slash their prices, but Hicks said she's not expecting them to lose money.



"The prices in there have been absolutely all over the place," Hicks said.



The biggest obstacles to sales are the homeowners' association dues, typically more than $1,000 a month, and the prohibition on pets, Hicks said.[/em]



Yeah, did anyone see the NODs there, and the unpaid property taxes? These drain your wallet faster than a validation at the LV store.
 
[quote author="acpme" date=1209386026]sigh...



VoC - still selling

Columbus Grove - still selling

Woodbury - still selling

Portola Springs - still selling

Woodbury East - still selling



Orchard Hills - not started

East of Orange - not started

Stonegate - not started

Planning area 40 (Woodbury South) - not started

Laguna Crossing - not started

Great Park residential - not started



Not to mention many of the neighborhoods old and new are filled with plenty of unoccupied homes.

And these are just the neighborhoods within Irvine and Tustin that we discuss heavily here.</blockquote>






I know... I hate these articles already. Like the American Dream is really to own an overpriced condo, with no driveway, no backyard, no privacy and three levels of stairs to maximize square footage? Please, like I'm really holding out buying so I can get in on that deal. :-/



Not to mention the article posted in the "headlines" thread about tougher loan requirements for condos.... who are they gonna sell them to?
 
When buying a 3 story home the stairs is counted twice (100 sf) in the square footage. Each stairs is about 50 sf.



Most 3 story homes segregate the bedrooms at each level and they are difficult for parents to keep their eyes on the kids.





[quote author="Girl In the OC" date=1209396442][quote author="acpme" date=1209386026]sigh...



VoC - still selling

Columbus Grove - still selling

Woodbury - still selling

Portola Springs - still selling

Woodbury East - still selling



Orchard Hills - not started

East of Orange - not started

Stonegate - not started

Planning area 40 (Woodbury South) - not started

Laguna Crossing - not started

Great Park residential - not started



Not to mention many of the neighborhoods old and new are filled with plenty of unoccupied homes.

And these are just the neighborhoods within Irvine and Tustin that we discuss heavily here.</blockquote>






I know... I hate these articles already. Like the American Dream is really to own an overpriced condo, with no driveway, no backyard, no privacy and three levels of stairs to maximize square footage? Please, like I'm really holding out buying so I can get in on that deal. :-/



Not to mention the article posted in the "headlines" thread about tougher loan requirements for condos.... who are they gonna sell them to?</blockquote>
 
They count the stairs twice? Wow, I never heard that! Why? What is the reasoning???



I really dislike the three story models... horrible with air conditioning, space is so cramped and I absolutely hate vacuuming stairs... it's the worst!
 
Builders would never give away anything for free. The second stairs cost extra and expensive to build so they have to charge the consumers. The building department from the city felt that the area of the second stairs although not useable but did generate more area in the fire calculation in term of potential hazzard. Since it is a governmental mandate and why not pass it on to the consumers!!!



[quote author="Girl In the OC" date=1209469035]They count the stairs twice? Wow, I never heard that! Why? What is the reasoning???



I really dislike the three story models... horrible with air conditioning, space is so cramped and I absolutely hate vacuuming stairs... it's the worst!</blockquote>
 
Stupid. Irvine Ranch has over 30k worth buildable of lots. I'm not counting the old dump either, off the 73. I know those cheap bastards are going to build on that. Also Not to mention the 5k on Tustin blimp base, or the almost 10k that Lanear wants to build on el toro. There's 50k. That's a good 20 year supply...excluding 2003-2006 false sales levels.
 
<strong></strong>From an ad in the Newspaper:





<strong>New and proposed developments</strong>



<strong>1 Pepper Tree Hills</strong>

820 acres, 795 homes



<strong>2 Carbon Canyon</strong>

1758 acres, 230 homes



<strong>3 Canyon Crest</strong>

367 acres, 165 homes



<strong>4 Mountain Park</strong>

3001 acres, 2500 homes



<strong>5 East Orange</strong>

6900 acres, 3900 homes



<strong>6 Orchard Hills</strong>

4810 acres, 3510 homes



<strong>7 Portola Springs</strong>

1171 acres, 3485 homes



<strong>8 Saddle Creek/Crest</strong>

551 acres, 162 homes



<strong>9 Rancho Mission Viejo</strong>

6000 acres, 14000 homes
 
There's still plenty of build-able land in OC, and we're no where near the population density to justify high-rise condos.



At best we can probably justify mid-level condos near desirable areas. Irvine really doesn't have a "downtown" per se and we might see one along Jamboree in a few decades.
 
[quote author="Girl In the OC" date=1211957749]When they list # of homes... they are also including the apartments in those figures... correct???</blockquote>


Yes, the numbers include apartments. Usually the technical term "units" is used instead of "homes". However, the majority of the units/homes will be for sale. I would say less than 5% of the units will end up as apartments.
 
Downtown is only possible by proper zoning. All the downtown in existence todays were built by rules established in 1890's and earlier. Zoning today and their mandates of parking's and setbacks will never achieve the proper downtown bulk and scale. Convenient parking could never promote pedestrian activities which is the pulse of life for any downtown.



I could not find any downtown created after 1920 because planning rules changed drastically during the 1930's right after the depression.



[quote author="momopi" date=1211960286]There's still plenty of build-able land in OC, and we're no where near the population density to justify high-rise condos.



At best we can probably justify mid-level condos near desirable areas. Irvine really doesn't have a "downtown" per se and we might see one along Jamboree in a few decades.</blockquote>
 
You must log in or register to reply here.
Back
Top