Lowball Offer on House

[BradleyT]

OT a bit -

I've seen Texas houses on the various house flipping shows on TV and the houses seem to be unbelievably cheap. On one I watched a lady got a 4BR 3BA place in Austin for $130. That seems like a great price unless it was in a crack neighborhood. Another show I saw this couple bought a ginormous log house with tons of land out in the country and I think the price was something like $230.

Anyway just wondering if Texas homes in general are relative bargains or if these two people just got extremely lucky.