Is that ever true! We live in an HOA where we pay dues and have by-laws. When the economy tanked soon after Obama took office, people needing to move couldn't sell their houses promptly, so the Board eventually allowed renting. The helpful Democrat government soon placed a bunch of Section 8's into several of those houses.
Immediately, we had teen boys jumping over decks and looking in people's houses (one almost got himself shot doing that), broken glass on the streets, trash put out in unsecured bags blowing all over neighbor's gardens and attracting vermin, alcohol bottles and trash thrown into the forest preserve, thumper cars at all hours, speeding heedless of children or pedestrians, loud parties and illegal businesses in the homes, bringing unwanted traffic. Our dues have been quadrupled to pay for a "security service" and a dog-mess cleaner, since even suburban renters won't scoop, even though we have a dog park and several poo-baggie stations. And don't get me started on the state of the upkeep of those houses, which should be on the absentee owners. Those dues that were intended for improvements to the infrastructure are now a form of welfare taxation.
Nobody responsible even wants to serve on the Board any more, since any attempt at restricting behavior to the by-laws brings a raft of accusations of racism. You can't even complain if the meetings take place without notice, since the property manager is now a person of color.
Once old folks died off and their children sold their homes, we had the same situation.
It was never exclusive there, but those old Hungarian ladies kept their lawns and gardens like a picture. Nothing was new or fancy, but it was all tidy, well kept and immaculate.
Once we got the first minority family (and I MEAN the next day) three cars on our street had batteries stolen and lawn furniture shoved RITHT UP to the windows overnight.
It went down hill from there. That property was worthless by the time my parents moved out.
I am aware of what it is.