Guess you better read the fine print. HOA exists the ensure property values are maintained. Throw a half million into a property only to have cousin Eddie move in and think he can open a car repair business out of his home. That was they are intended for.

I never see myself living in such neighborhood, but I would educate myself on the HOA rules before deciding to buy. My brother looked at a home on a private lake. The informational paper one this house was explicit that an HOA was in effect and advised people have lost homes for violations- not at that place, but to give fair warning that HOA is a legally binding document.