Home Owner Association rules are meant to protect the interests of majority of home owners.
They have elections and form a Board every year. Board members vote on many things. Good Board members are important but at times people do not go out to vote and some people do not have time to go to meetings or to serve on the Board..
In this market where property values have come down some changes in rules and regulations may help home owners in some communities.
eg. Many associations say FOR Sale signs are not allowed . Many buyers drive throgh neighborhoods and look for homes before calling an agent. it might help if there are FOR SALE signs at least in this market.
eg. Not allowed to rent it out. If people can not afford to sell at a loss and have to move , they may want to rent it out till prices go up, but I have seen a community where prices are decreasing because of not being allowed to rent it out.
Ofcourse no one wants to see too many Sale signs , that may hurt home prices sometimes and if there are too many rentals it may cause problems with investor ratios.
But I know of a few neighborhoods where Sale signs and allowing rentals would improve the market.