changm55
New member
http://www.lalife.com/test said:world chaos said:not sure about irvine, but it seems to me that in los angeles, if given a choice, once per sq/ft of land starts exceeding 360-375 usd's developers like to start building vertically rather than horizontally... the only counter action to this is city zoning which is the only thing prohibiting developers to do as they please... but with IP being so powerful in irvine, if they really wanted to change zoning densities, they probably could =_=;; sigh...
i think irvines getting there but not quite there yet... kind of like why that "urban" living they pushed around john wayne airport didnt do too well (think it was called central park west)... i remember the townhomes there were all 3 stories...
give it a few years and let $/sq ft appreciate a bit more and i think we will be seeing a lot more 3-4 story townhomes popping back out again...
CPW is at $435/sqft
http://www.talkirvine.com/index.php/topic,1356.msg45848.html#msg45848
this is what i mean by the 360-375 magic number... i ignored the cheaper areas since we are looking for areas that have higher demand to compare with irvine...
lol 435 sq/ft... good areas of los angeles, SFR's are like 435 sq/ft while townhomes/condos at 340-360 sq/ft... maybe irvine thinks its special so it decides to go by the reverse pricing ratio where SFR's are arnd 340-360 sq/ft to townhome/condos at $435 sq/ft... damn... wow... lol... forget it... i dont even want to bother to try to figure out irvines pricing strategy... man... lol... wow...