Yes they do, there are many normal houses which can be bought for very cheap just spend some time on Zillow looking at areas outside of major metro areas.
You could very easily live in a big city and work a job to save up 50k or a down payment for a 50k mortgage and then buy one of these cheap houses to live in. But most people don’t want to do that. They want nice weather and fun things to do, access to a good job market, and good schools. But the reason why those houses are 50k is just because of simple supply and demand. There is very little demand to live in Louisiana or West Virginia and tons of demand to live in the Bay Area or Seattle. If you increase supply, eventually prices will fall and accessibility will increase.
The demand isn’t there because there is no supply of money… it’s much safer for your life/family if you live in an area with an abundance of employers and not a small town with very few employers and low wages.
Also these areas have poor education systems for kids.
