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Home owners association for houses, pro/cons
I agree with the basic purpose of an HOA. Unlike the poster above Jay, I do believe that people painting their houses purple will definitely affect the value of my house or property. I for one would not want to live next to someone who has a wild purple house, even though it is his right to do so. In saying that I know that there are very few people who would want to buy my house were it situated next to the "purple house". So in the sense of limiting known eyesores I agree with the purpose of HOA's. That being said, I do not agree with the fact that HOA's are not regulated and that its rules are formed by community members who may be very strict on what or what isn't allowed. If it were simple rules like not painting the house disturbing colors (we all know what they are) or not having junk cars  or loud music after a certain time (except on holidays or special calendar days like New Years etc.