If those prices are correct then the auctions are priced at less then the price of land, material, and labor. In this day and age it's very difficult to constru

If those prices are correct then the auctions are priced at less then the price of land, material, and labor. In this day and age it's very difficult to construct a single family home for less than $60K. Unless you are using cheap material, microscopic plots, and a lot of unskilled labor. The banks are willing to take a bath on their own profit to please private equity investors? That doesn't add up.