Ken,
If anything, you need to stop listening to the group that currently populate the Case forum at MTF. Most of them wouldn't know a Case loader/backhoe if it fell on top of them, much less have a clue about it's value. Those guys should stick to posting on the Deere and Craftsman forums instead of coming onto the Case forum and giving advice on something they know zip about. If that guy accepts your offer of $800.00, you flat out stole it. Not so long ago, Joe Hemmi parted out a TLB and he was selling just the backhoe for $1300.00 and would not budge off that price.
If that unit you saw was in good working condition, it would bring at least $4000.00 any day of the week. A new steering wheel is $120.00 from Brian Hildreth. The backhoe bucket and the loader bucket can both be repaired with some welding and fabrication. All buckets are a "wear item" that need to be maintained and then eventually replaced. They do get bent and sometimes torn. Welds do fail and have to be ground out and redone. Those of us in the construction industry that work with heavy equipment understand what can happen with buckets and blades. Problems such as those described by you are quite routine and don't pose all that much of a problem. The engine can be rebuilt for less than $2000.00 and then be good for another 20 years if it's looked after properly. If need be, you could repower the tractor with a low cost engine for now and rebuild the CCKA as time and money become available. The hoses that you think are dry rotted can be replaced as they fail. The damage you see is to the outer covering of the hose and that does not provide strength. However, that covering does supply protection from the elements to keep the braid from rusting. Same with the tires. In the interim, tubes can keep them inflated.
If this tractor did not have all these issues, then it would probably be priced out of your reach. Only you can decide if buying a machine that is in this state of repair is right for you. But if you really, truly need a loader backhoe, then I suggest that you pursue this one.
One of these tractors will hold its value and when you go to sell it, there's a good chance that you will get most if not all of your investment back. :thumbsup: