I guess then my reaction is "what idiot would sign a contract like that?", but I guess desperation in most areas if there is a lack of other housing. After all, some people put up with living in London/San Francisco/New York/etc. where they will likely never own a home unless they win the lottery, so I guess if the need is high enough, people will put up with some truly terrible situations with where they live.
The reason people "put up" with HOAs is that nearly all HOAs are benevolent, passive organizations that do little more than keep the books and ensure common areas are adequately maintained. The most draconian most get is enforcement of landscaping standards and parking rules, which to me is 100% ok. I'm joining my HOA's board this summer, and the only thing I really intend to try and do that goes beyond that is to add a basketball court at one end of the swimming pool parking lot, and to repair some of the broken fencing along the greenways. The worst the current board infringed upon my rights was to deny my request to paint my front door red, using the justification that it doesn't go with the neighborhood's color palette. <banghead> They're right, but considering what some other neighbors have done with their doors (stick on faux stained glass anyone?), I was a bit miffed.
For all the horror stories you hear about HOAs, there are thousands of them that are not overbearing and do serve the general interest of the community without irritating the homeowners.
Myself, I find that overbearing and authoritarian. I definitely wouldn't live under their control (especially not if they have the power to make me homeless), but each to their own, I guess.
