Recently, a woman named Mary Krawiec attended an auction in? Troy, New York. At the? auction, a bank was seeking to sell a foreclosed? property: a large Victorian house suffering from years of neglect in a neighborhood in which many properties had been on the market for years yet remained unsold. Her? $10 offer was the highest bid in the? auction, and she handed over a? $10 bill for a title to ownership. Once she acquired the? house, however, she became responsible for all taxes on the property amounting to ?$4 comma 5004,500and for an overdue water bill of?$2 comma 0002,000.In? addition, to make the house? habitable, she and her husband devoted months of time and unpaid labor to renovating the property. In the? process, they incurred explicit expenses totaling?$65 comma 65365,653.