I'll echo what others said. Save your dollars and buy a bird that someone else put a lot of money into if possible.
It's very possible (if not probable) to buy a 16K 150, put an additional $20k into it, and end up with a plane worth 19K. The numbers were even worse in my case, buy the joy of ownership left me with no regrets. All the same if I went back in time. I would tell myself to spend $24K on that low time cream puff 150 and fly it like I stole it.
