Edit just to clear up: I don’t have a positive or negative opinion on HOAs. I know next to nothing about them. They’ve just been mentioned to me a few times by family members recently and I asked about aspect I didn’t understand
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The HOA has a partial ownership interest in the houses, right there on the property deed. You can’t 100% buy the house because the seller doesn’t 100% own it. It’s not just a club that the house owners decide to join, it’s a legal and financial entity that has partial ownership of all of the houses. The seller can no more sell you the house without the HOA than they could sell a house they inherited jointly with a sibling.
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