I agree, if people plain refused to buy in Mello Roos neighborhoods, developers will either have to pay for it themselves or come up with other plans.

In a rising market where people think they can flip their way up the property ladder, all caution is out the window.

In a normally rising market of 2%-4% per year, buyers have to be more careful.

Even with today’s slump, people are thinking that prices will double again in 10 years. That mentality won’t disappear until we have at least a 5-year slump.