Horde auction house pricing

So, whats up with the crazy pricing? I wanted to try Horde on a low pop but man, having trouble selling low level stuff and cant buy anything because its marked up.

Are new players just not wanted? Low level items being marked up just seems devious. Is the Alliance AH the same?

There is no action house, jsut a thrift shop. Any marked up items are some farmers who are just hoping to sell for same prices as BIG servers, and lose out on deposit over and over again.

We have an Auction House?