I've lived in HOA's for the last 8 years.
So far, so good. I wouldn't have wanted it 20-30 years ago, but I get value from them now.
$118/mo - parking marking/enforcement, parks, playgrounds, pool, athletic courts, security, common grounds landscaping/maintenance/lighting, snow plowing, trash pickup....along with pretty laid back home maintenance enforcement. They do have to approve major changes to exterior work/colors, but they don't ever get in my knickers about nit picky crap like my nasty lawn....they would if I really let it go, though.
I haven't been on the board, but I do go and bitch when I feel the need -- and they listen and appreciate reasonable feedback....so far, so good