I'm currently working on a gig in OC and living in Laguna Beach. I've found it to be one most exclusionary communities I've ever lived in. AirBNB is effectively banned, and, as a renter, I didn't feel like I fit in at my gym which is dominated by wealthy and long time home owners.
Like many areas, there are laws which prevent increased development which further puts pressure on housing and rent prices.
Overall I like Laguna, but while I think most people who live here would consider themselves liberal, their local politics are more reactionary.