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offered for sale in Orange County. In 1974, as illustrated in Table V-4, there were 9,352 at an average price of $39,300. However, on1¥ 2,249 (24%) of these units were in the $20,000- $29,999 range. Purchase of these units in this price range requires an income of approximately $10i000 to $15,000. This assumes a 30-year mortgage at 9.0 percent interest and 10 percent down payment. This price range is considered by the report to be in the marketable range for those renters paying from $170 to $250 per month. While this price range of $20,000 to $29,999 is still relatively low in comparison to the pre- ~ailing median of $55,500 for single-family homes and $39,300 for planned unit developments, it is, however, still expensive for many families with'children trying to live on incomes below the County average. This group represents a very large.. proportion of those seeking shelter. The fact that builders are offering these lower-priced condominium~and townhouse units in spite of considerable price increases in building costs may indicate that they are feeling the push of.an ever-decreasing market for.their dwellings and are now producing lower-priced units in order to accommodate .the demand. The "Marketability by Price Range" data for planned unit developments tends to confirm that the consumer has been responsive to the availability of these lower-priced Units. The.fact that the unsold percentage seems to increase by price of unit may be indicative of the. fact that people seeking shelter in thi~ range also have many single-family units from which to choose. Several factors give the planned unit developments a strongly competitive marketing edge against conventional single- family home ownership. They are the factors of no necessary exterior maintenance, the attraction of recreational facilities, average lower acquisition cost and monthly payra~nts, and an attitudinal shift toward fuller utilization of leisure time. In shi~ts in from 1960 general, it can be said that several significant the housing composition took place in Orange County to 1970 and are continuing into 1975: O Overcrowded conditions increased from nearly 19,000 dwelling units affecting 60,000 people in 1960 to about 27,000 dwelling units and about 103,000 people in 1970 in Orange County. O Disparity in housing valuation by city increased from 1960 to 1970 with a widening of the gap between cities with large proportions of high- and low-valued dwellings. The prices of new housing have increased conside'rably beyond that of consumer 000075