[quote author="25inIrvine" date=1255914688]Two Articles on front page of the OC Register's business section about the new homes:
<a href="http://www.ocregister.com/articles/irvine-homes-new-2610240-one-recovery">http://www.ocregister.com/articles/irvine-homes-new-2610240-one-recovery</a>
I can't find the second one but it is titled "Irvine Co. Ready to Build"</blockquote>
Here it is:
<a href="http://headlines.ocregister.com/articles/new-47249-home-irvine.html">http://headlines.ocregister.com/articles/new-47249-home-irvine.html</a>
It was hard to find, but I have the print edition of the OCR so I just did a search for a phrase in that article and it came up.
Of note to me:
Bren is bankrolling this thing:
<em>
To get the ball rolling, the Irvine Co. ? traditionally a land developer that sells tracts to the homebuilders ? will take on a new role. At a time when financing for homebuilding projects is scarce, the Irvine Co. will hold onto the land and bankroll construction.
The homebuilders will build and sell the homes for a fee, company officials said. The Irvine Co. will take all the risk ? and reap all the profits (or losses) once the homes are sold.
</em>
And they have been doing "research":
<em>
Company consultants also learned that home shoppers today want to do away with the formal living room and replace it with a ?great room.? They want bigger kitchens suitable for entertaining. And windows along the back of the house, with rooms that flow seamlessly from indoors to outdoors.
That led to creation of the ?California room,? a roof-covered patio where families can dine in fair weather.
Designers also came up with a place where families can shed dirty cleats and uniforms when returning from soccer games.
The biggest surprise: Demand for storage space.
?More people shop at Costco and Wal-Mart and need a place to store all that stuff,? Young said. ?Lifestyles have changed.?
</em>
Also from Lasner's article:
<em>
Construction savings were created by rethinking homes, so space and money wasn't wasted on things few people use ? like big living rooms, tiny spare bedrooms or three-car garages.
In return, bigger kitchens morph into part of "great rooms" -- signature main living areas in these new homes. Also, larger storage areas placate the high-volume grocery shoppers who, as Irvine Co. execs note, frequent the Costco discounters of the world.
</em>
What? I used my 3-car garage! More storage space is nice... but I don't think a 3rd car garage is "wasted" space. Heh.