And it would still be costly. 10% bid increments is vastly different than today and would lead to property inflation. Going to court is costly. There are plenty

And it would still be costly. 10% bid increments is vastly different than today and would lead to property inflation. Going to court is costly. There are plenty of examples of how unfair the courts can be when people with lots of money face off with normal people. It wouldn't have to be billionaires. You could even have private equity abusing the system to manipulate the market in their favor.