Why would anybody agree to live in an HOA?
Besides stupidity, I mean
I live under a decent one - convenience of maintenance and facilities...insurance for main structures and maintenance on them plus anything their failure may damage in your unit, cheaper insurance because only have to insure from the paint on the walls in...and good stewards of the funds with meetings and voting on any issues that may come up.
Many may rob and abuse their tenants but the one we have is superb - even takes actions to keep things like Black Spring Break from disrupting the residents who live here full time by setting standards for those who have pure rental units.
When 90% of all homes in your town, including all new homes, have one, and especially if you’ve never lived in one and can’t believe the CC&Rs.