This is literally what American HOAs are becoming.

Fun fact! What would be an illegal bribe to a city employee (eg planning/permitting department) isn't illegal if it's an HOA instead.

No wonder they're popping up everywhere!

Precisely. But it's very hard to discover what the HOA is like before moving, unlike, say, a town. In some cases you literally would have to pay money to get a copy of the regulations. The neighborhood I live in now has a couple minor nuisances that a HOA would probably fix, but I'm happier living there than in a microprincipality run on nosiness and passive aggression.