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It's not, not if you want to buy the house. The way it works is this:
I'm a property developer and I want to put in a new area of housing. Well that's gonna be expensive up front, roads have to be paved, utilities like power and sewage ran, and houses and common areas built. That's all very expensive, my incentive for doing so is that the property values will remain high. So before I sell a house to anyone, I establish an HOA and require anyone who wishes to buy a house to sign the contract for it. You don't want to sign the contract, you don't buy the house. That contract also includes a stipulation that if you sell the house you have to include the provision for the HOA.
Now HOAs can be dissolved. Once enough people own houses that they can form their own HOA board they are free to do so, and usually do. That board then takes over the control of the content of those contracts including the provision requiring their signing. So if you want to dissolve an HOA you get on the board or lobby your neighbors to do so, call a meeting, and dissolve it. If you can get enough of your neighbors to agree, the HOA is gone.
There's usually some bullshit to allow the developer to retain control indefinitely. There will be provisions for the turnover, but the stipulations will involve something that won't happen for sixty years.
But HOAs are communities right? Doesn't a HOA meeting have super authority, to remove bylaws like that?
No community I know of in Dutch legislation can block a community ('vereniging') from dissolving itself. Moreso since there's always a law above it on how to disband a community, which cannot be bypassed.
Any HOA can dissolve itself, it merely requires the consent and vote of the board. The rules on how that happens are in the HOA's bylaws. There's nothing in law preventing them from doing so.
This is mostly governed under American contract law.