Well, that's kind of my understanding about what an HOA neighborhood even is. The existence of a (mandatory) HOA seems to increase property value. I have no e

Well, that's kind of my understanding about what an HOA neighborhood even is. The existence of a (mandatory) HOA seems to increase property value. I have no economics training, but this seems to be a signal from the invisible hand that they are generally desirable in those cases. The only ways they're likely to go away is if they're regulated out of existence, or they fall out of favor in a way that's reflected in property value.