I've had several fixer upper H16's. If you can negotiate a lower price and don't mind some elbow grease, even a boat needing
some delam repairs to the top decks could still be
OK if the boat is in otherwise great shape. I've found it
very very difficult to find a 30 year old boat with perfect solid hulls ( unless the owners stored it indoors ) but then you're going to pay closer to $2000 for a mid 80's jem or get super lucky! There's a ton of old H16's out there not getting sailed that would be happier on water! Even at $500-$800 you can get a few years out of it and upgrade to a newer one. The sum of the individual parts is worth more than that assuming the trailer is fully functional.
Tim