I’m looking to buy a new home valued at 400k with mello roos. Everyone keeps saying the taxes will keep going up and a lot of people end up loosing their house over it. Can someone explain to me just how much mello roos can increase? Example if I’m paying 4k the first year in mello roos how much can they increase it the second year? Will it be drastic like 4k to 8k a year or will it be something smaller like 4k to 4.5k a year
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source https://www.reddit.com/r/RealEstate/comments/1qlkrka/ca_mello_roos/
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