When we were house shopping in 96-97, our realtor told us there was some shoddy construction going on there. Honestly though, in hindsight, I think all strip builders are gonna cut the same corners. We still looked at a few there, I can't remember what we didn't like, why we didn't buy there.
I have also heard HOA horror stories from a few co-workers. The key to an acceptable HOA, is to keep the neighborhood small so you don't end up with the possibility of being outnumbered by too many people. I've lived in 2 HOA's and had some junk laying around. I know if I was in Adams Farm (huge HOA), someone would've anonymously complained about something, resulting in a few notices. When they are smaller, the rules don't seem to be as tightly followed, people know each other and complain face-face.
I also miss "hearing stories" about people wheeling that land. It was a convenient place to get a quick fix or test some new mods.