How common are HOAs? I’ve lived in an urban area my entire adult life and I don’t think there are any HOAs. My parents lived in one tho in the suburbs and I don’t recall them liking it. Is there any reason to actually buy a home in one?
In places where new communities are being developed HOA and CCRs (the actual rules) are extremely common. In fact in my area they’re required for all new home building communities.
I guess if you're into living in a picture perfect neighborhood and don't want to have to look at anything especially weird or different, and have a "council" you can complain to if there's a problem, you'd buy into that. A lot of condo complexes have them as well. HOA fees also go to gardening and other people involved in exterior maintenance.
HOAs are a kink, for people who like to be controlled or for people who like to control others. Being in a HOA is like being in a BDSM relationship. Some people like this sort of thing.