Ask him how often he has to add brake fluid. A leak that bad needs to be fixed, whether it's a rear hub grease seal or a brake- - - -either way, you're probably looking at a brake rebuild because the brake linings will be saturated, and there's no way to clean them up.

Have you factored in the cost of replacing those widowmaker rims into your offer? The one in that photo is definitely an RH-5 wheel.
Jerry

"It is better to be silent and be thought a fool than to speak and eliminate all doubt!" - Abraham Lincoln
Cringe and wail in fear, Eloi- - - - -we Morlocks are on the hunt!
There is nothing noble in being superior to your fellow man; true nobility is being superior to your former self. - Ernest Hemingway
Love your enemies and drive 'em nuts!