I’ve noticed that places with super-high mello roos and/or hoa fees seem to be going down the fastest. Notably Stonebridge and the places mentioned on this thread. I guess during the frenzy, people just figured they’d make so much money on their houses,it wouldn’t matter. They looked at it as part of their “investment” that they’d get back when their house shot up in price. Now, they look at it as a monthly expense that they have to pay out of their own wages. That’s a huge difference psychologically.
