Absolutely not. HOA’s as they currently exist are an abomination and should be outlawed. The idea of a group of busybodies in your neighborhood telling you what you can do with your property is abhorrent.
HOA’s should exist purely as a way to manage SHARED spaces and facilities. If your neighborhood has a communal pool, or small park, great! HOA to take a small fee to manage and maintain these for the betterment of the community.
HOA to tell you what color you can paint your house, or if you can build a treehouse for your kid? Go fuck yourself! Repeatedly! With a rusty nail! When you pay my mortgage you can tell me what happens on the property.
If you RTFA he’s been selling shares steadily over the last year. This is not exactly a sudden dump.