Agreeded. The deal just wasn't right. I've passed a few deals like this but the kid in me always wants to. The key word there is "want". I mean who wouldn't want early 40s metal lathe, ok so maybe most people my generation couldn't even tell you what it does. I would still like it.
Back when I lived in Chicago i got a lot of good stuff from my buddy. He did salvage an scrap. He would find some good stuff quite often, sometimes for cheap/free but that was rare. Most stuff he got wasn't worth much. The good stuff thoe was worth the find.
Anyway if I had my own place I would of took it. Eventually I plan on getting a few welders, plasma cutter, saws, drills, mills, lathes, press, etc. Then again That sounds expensive.