There is a drought in Texas and there is little doubt that you can get free horses there all day long. I think that most everybody agrees that it just depends on the market in your area what price you should pay. One thing to consider, when you buy a baby, you will have to pay a LOT more money than your original investment before you begin to ride. You have all the feed, hoof care, veterinary care, and other such expenses. Then there is the training expense. The last horse I bought was a foal, but in the future, I will take my money and buy a horse that is ready to ride. There are just too many unknowns with young horses. The horse you are looking at may turn out to be a great horse or she may not. She is pleasant looking, but she has a long way to go before she grows up. If you really like her and you think that you can get your money back out of her if she doesn't work out, then she may be worth buying. In my town, horses are going pretty cheaply right now.