It looks to be in decent shape to me, I don't know what others are seeing here. Other than the paint and decals being no good... Only major issue I see is that it looks like it has trailer house axles. If so you can NOT put new tires on those wheels, you have to find the wheels with the tires, and that's becoming harder to do these days. Often the ones you do find to buy are 30 years old and dry rotted. Trailer house axles usually had brakes as well, but there's the parts problem again. You would be best off spending $600 to $900 on 2 new axles, if those are in fact trailer house axles... An equipment trailer like that, new, would be around $4,000 here.