I know that around here the market didn't fall as bad as in some areas. Granted, it's still bad, but paying thousands for horses around here is not unheard of, especially if you buy and sell privately.
Given what I know of our local market, people will pay stupid amounts for colour like her. Friends of ours had people driving by call and offer to buy their day-old palomino filly just because they saw her in the field. I am almost positive I would be able to easily resell her - unless of course she died unexpectedly or something else happened to reduce her value - but there is always that possibility (as with every business investment) that I would lose money.
I feel pretty confident that if I got her decently broke and waited 'til next spring I could turn her for $1500 or more, but I'm just nervous because A) $800 is a pretty big initial investment for what she is and B) there is, as I said before, always the possibility I would lose the money.
I am really torn. I want to buy her - even if it means paying $800, but the only thing holding me back is the 'what if?' What if I don't make the money back? What if she turns out to have something wrong with her and I just lost almost a thousand bucks? What if something ridiculous happens like she falls getting off the trailer and breaks a leg and has to be put down, or colics and dies the day after she gets home. Not that I expect those things to happen, but those are the types of things I'm asking. Is it worth it? Is she a worthy business investment?
These aren't the greatest pictures for confirmation, but here are a couple of her (just to show you how cute she is).