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Yes. But I think it’s possible to find 50k property. Just don’t expect much of it and to be near anything. A tiny house on a corner parcel that no one else wants.
What’s wrong with a corner parcel?
Depends on where it is, how it’s cut, and the size mainly. The biggest issue I see with a corner lot is you have two sides of your property that aren’t really yours, since the street takes up some of the “right-of-way”, aka ditches and such. I could be wrong, but I always thought that and other reasons make the value of a corner lower, so the cost as well.
The reason i ask is because in a suburb, the corner can get twice the street parking, and sometimes extra sunlight.