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The value of HOAs in a "common facilities" environment...

Okay, so what are the the pros/cons of an HOA in an environment where there are "common facilitities" (e.g., roof, walls, etc.). In other words, more of the "standard" condo where there really are common faciilities that are shared between units. 
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April 01 2011 - Black Mountain Ranch
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I see properties every day where an owner hasn't maintained his home, lowering the value considerably. I'd definitely want some rules in place if I were to share a wall or roof with another owner!
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April 01 2011
 
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