High HOA fees will turn off buyers. Unfortunately, HOA's are usually poorly run. When looking at a condo in a HOA check out the fee and the books if you can. Make sure money isn't being spent aimlessly - this is usally the case. I am starting a HOA social networking website, should be ready any day to address HOA issues. Anyone can buil a HOA site for free so residents can discuss issues and address concerns before the become large concerns. [content removed by moderator for being self promotional]
There is only one issue with HOA's: lack of communication amoung owners which can cause assessments. I am going to be lauching a real estate social network to help homeowners get their buildings organized. Check it out: HOA
High HOA fees
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