Yes the FDIC/bankruptcy issues may result in the loss of a few years’ assessments for a few parcels but at the end of the day it’s really a matter of whether unimproved parcels are worth more than the lien amounts that they may end up being burdened by.
It’s nice real estate, five years unpaid Mello Roos burdens a parcel with maybe 15K, somebody’s gonna build something soon, or Black Mountain can land bank if they wish. I like ht edeal.
