How much more land does Orange County have left to develop? (Los Angeles: 2014, condos)

[LuvSouthOC]

Originally Posted by expatCA

Builders in OC need to build to exist and people moving in want homes (SFH) in OC.Supply and demand drives all markets.

OC is building almost all rentals, and huge buildings at that.

[pacific2]

Additionally, there will be even more shops and restaurants (non-chain, I hope ). I would like to see an upscale restaurant with a "Tavern on the Green" ambience.

Still, there are only 7.5 sq miles on this little postage stamp, and about half of the city's land is devoted to parks, schools, churches and rec facilities. So, AV will be very cozy in the future.

Whiting: Aliso Viejo, county's newest city, is ready for its facelift - The Orange County Register

"Still, to stay competitive in these fast-changing times, Orange County’s newest city already is planning significant updating.

In five years, the Town Center is expected to get a major facelift. Where vast asphalt parking lots now sit, plans are on the drawing board for a boutique hotel with 129 rooms as well as office and residential space above dozens of proposed ground-level shops and restaurants.

Additionally, 435 luxury apartments are in the works along with two affordable senior housing projects with 402 units. One is under construction, and nearby, a new medical building will sit on a bluff with views of the Santa Ana mountains. And if current trends continue, there will be more large-scale office buildings.

Of the makeover for the Town Center, which will include multitiered parking, more green space and improved pedestrian walk-through, City Manager David Doyle explains: “We need to provide places where people can spend quality time. We want to create something special, unique.”

I have to give credit where it's due. Aliso only has 15 full-time employees, but between them, city leaders, and volunteer Aliso Viejo Community Association members, they get things done........... fast and under budget.

[expatCA]

Originally Posted by LuvSouthOC

OC is building almost all rentals, and huge buildings at that.

Not all rentals, as many are townhomes and condos with some large hotel/apt complexes.

In OC especially I can see more condos and town homes being built as they have become the replacement for SFH. Apts will always be built and over time with land costs they will probably be the majority of units being built. But SFH homes still dominate the area and are still being built. I do see SFH being less affordable and the Town House/Condo taking over the market. Apts? I am not so sure unless they are massive and cater to the average wage earner who wants to live close to work or for retirees who want a smaller place with minimal upkeep. That could drive more APTs for sale, not rent, as many retirees want less home upkeep and a lower costs to .live, in their retirement.

[skitodeath]

Originally Posted by expatCA

Builders in OC need to build to exist and people moving in want homes (SFH) in OC.Supply and demand drives all markets.

People prefer homes, but are willing to live in Condos and Skyscrapers if it is cheaper. Housing in California is anything but a free market. If Orange County had the regulations of Houston, i.e. no zoning codes, it would grow like crazy. It sometimes feels like Californians forget how cheap it is to build if you get rid of all of the bureaucracy and land use restrictions. In Los Angeles, these restrictions add about 40% to the cost of rent/real estate. Do you not think tons more people would move to Orange County if it was 40% cheaper?

[Cream1]

Originally Posted by skitodeath

People prefer homes, but are willing to live in Condos and Skyscrapers if it is cheaper. Housing in California is anything but a free market. If Orange County had the regulations of Houston, i.e. no zoning codes, it would grow like crazy. It sometimes feels like Californians forget how cheap it is to build if you get rid of all of the bureaucracy and land use restrictions. In Los Angeles, these restrictions add about 40% to the cost of rent/real estate. Do you not think tons more people would move to Orange County if it was 40% cheaper?

I'd rather have Orange County be expensive rather than being developed like Manila.

[skitodeath]

Originally Posted by Howiester

I'd rather have Orange County be expensive rather than being developed like Manila.

And I totally understand that. But what you are advocating for is the government enforcement of monopolies over land use for the chosen few, over allowing what is best for the greatest number of people e.g. the market. Picking a best setup for 1 million versus a better setup for 5 million. I can't get behind such anti market and anti for the general welfare sentiment, but I can absolutely see why someone would want that.

[NickofDiamonds]

History has shown throughout the planet that when the horizontal sprawl runs out, there is only vertical integration left.
The old saying still prevails, buy land, they're not making any more of it.

[expatCA]

Originally Posted by Howiester

I'd rather have Orange County be expensive rather than being developed like Manila.

[varanj_16]

Originally Posted by pacific2

Additionally, there will be even more shops and restaurants (non-chain, I hope ). I would like to see an upscale restaurant with a "Tavern on the Green" ambience.

Still, there are only 7.5 sq miles on this little postage stamp, and about half of the city's land is devoted to parks, schools, churches and rec facilities. So, AV will be very cozy in the future.

Whiting: Aliso Viejo, county's newest city, is ready for its facelift - The Orange County Register

"Still, to stay competitive in these fast-changing times, Orange County’s newest city already is planning significant updating.

In five years, the Town Center is expected to get a major facelift. Where vast asphalt parking lots now sit, plans are on the drawing board for a boutique hotel with 129 rooms as well as office and residential space above dozens of proposed ground-level shops and restaurants.

Additionally, 435 luxury apartments are in the works along with two affordable senior housing projects with 402 units. One is under construction, and nearby, a new medical building will sit on a bluff with views of the Santa Ana mountains. And if current trends continue, there will be more large-scale office buildings.

Of the makeover for the Town Center, which will include multitiered parking, more green space and improved pedestrian walk-through, City Manager David Doyle explains: “We need to provide places where people can spend quality time. We want to create something special, unique.”

I have to give credit where it's due. Aliso only has 15 full-time employees, but between them, city leaders, and volunteer Aliso Viejo Community Association members, they get things done........... fast and under budget.

You are motivating me to get an investment property in AV soon....!

[varanj_16]

Originally Posted by NickofDiamonds

History has shown throughout the planet that when the horizontal sprawl runs out, there is only vertical integration left.
The old saying still prevails, buy land, they're not making any more of it.

I agree but that would require selling of investments in foreign country