I'm a homeowner and an active Waze user. The street I live on is not "my" street. It's a public street that any licensed driver may use. I did have an issue with drivers coming around a blind curve too quickly to be safe, though, so I did what these homeowners ought to be doing and contacted my local government about getting my street assessed for a traffic calming project. The city created a three-way stop before th…
Speed bumps help a lot. These are barriers made especially for making sure people are not speeding down these usually quiet streets. If people are speeding, surprise surprise cops are helpful. Towns need to work WITH waze not against it. I can imagine towns REALLY cranking up fines to use speeders on usually quiet streets (where kids may be playing) to ensure that the money flows into creating appropriate barriers.
The best way to keep a street quiet is to remove the cues that tell drivers that they can drive quickly. Narrow the street, remove the sidewalks, add trees and other visual noise to the margins, and remove lane markings. Replacing asphalt with gravel can also help (and is cheaper to maintain).
You don't need to fine people to get them to slow down if the road is terrifying to drive on at more than 20 MPH.