It is subjective, yes, but there are some technical considerations.
The idea behind an HDR image is (arguably) to capture a larger dynamic range of light than can be captured with a single typical exposure.
Approaching this another way... try looking into a room where the lights are off and there is bright sun streaming in through the windows. What do you see? You can see the inside, and you can see the details outside. What would a camera see? It would get either a black room with bright detail in the window, or detail in the room with extremely over-exposed window.
Basically, the human eye can see something like 3x the dynamic range of most cameras. Thus... the introduction of HDR.
So... if you shoot a picture that could be just as easily represented with a single exposure, you're not gaining much. Granted, shoot a car with a single exposure and you're likely not going to get the detail under the car, or perhaps under the wheel wells... but do you care? And therein lies a bit of the debate. Some do, some don't.
Let me drag out my typical HDR example to show you... Here's a particularly challenging scene for a single exposure...
^ this is one way a camera will commonly interpret it.
And here is another...
Both pretty much useless, and there is really no way for a camera to handle it. (yes, some cameras now have limited HDR capabilities in-camera)
Now if we create an HDR from a series of exposures between the two extremes, we get this...
You will also notice that my HDR is not "nuked". There are no ridiculously pumped saturations or extreme contrast. I did my best to represent the scene as close to "real"... as close to what my eyes see... as possible. This is another running debate in the HDR crowds. As much as I feel very strongly that "real" is the goal and that nuked images look absolutely ridiculous, I fully acknowledge that it is an artistic choice and a religious debate only. Anyone who says otherwise should be listened to and their feedback considered, but it is ultimately your decision.
Oh... and btw... here is an interesting example of using HDR when extreme contrast in light wasn't as much the point of taking the image.
YES, there would certainly have been elements here that would have been a little over-exposed- mainly the bits of sunlight coming in through the windows up above (the windows that inexplicably had boxes on top of them).
However, the real point in taking this HDR was to get the unbelievable range of browns that simply could not have been captured in a single image. And yes, seriously, that color you see is like dead-on to what the color was in that building.
Anyway... hope this is all helpful.