Tl;dr: tell me all the reasons why buying an early teen pony mare as a project is a terrible idea.
With my gelding retiring I have been keeping an eye out for a potential new project horse. I don’t have the budget right now for what I want long-term so I’ve been looking for a I horse I can put about 6 months on and then sell for more than I paid to supplement what I’m saving up to by my next long term partner.
Last week I found a cute pony mare in my budget that I can’t get out of my head. She 13 years old, 14 hands, was broke but has been a broodmare for a few years. Nothing heinous in her conformation or movement, nothing to write home about but I think some developing some good muscle will help. She definitely has the cute factor and the Barbie dream horse mane and tail, but I don’t have any gauge on her personality or rideability. Even though she was supposedly broke at some point I’m assuming I would treat her as unstarted.
I’m trying to tell myself that there’s no market to sell a grade pony in the mid 4s, but then I look at her pictures again and I my heart goes “but she’d look so cute as a little dressage pony, or all braided up as a hunter pony (even though she’d probably never do anything bigger than local schooling shows). DH is totally supportive so I need someone (or even better, several someones) to be my voice of reason.