This thread is just about as funny as it gets. Where else could you get some good info, a lot of bad info, and a good ol' belly laugh all at one time and for free at that?
"N" Fords sold in mass because of ONE reason. They were cheap. They targeted a market where cheap was the ONLY way in. Their success was predicated upon price, dealer availability, and the 3-point hitch. They had minimal brakes, just barely enough power, and NO modern conveniences outside of that hitch. They fit a market in the 40's and early 50's. They STILL fit in where "cheap" is concerned. Early Fergusons were SLIGHTLY better tractors, but only by the slimmest of margins. Much of the "old wives tales" about the N is pure nonsense. They aren't going to start doing barrel rolls sitting in your driveway. They will roll if mis-used. Unfortunately, they lend themselves to mis-use by being so handy. All in all, a good collector tractor, but dollar for dollar, there's dozens of brands/models that will work circles around one, and do so iin a much safer manner.
Best bang for MY buck is the 100 series Massey Fergusons. (ie 135, 150, 165....) MUCH better power, live power, better hydraulics, better balance, availablity of power steering, ect... Parts are easy to get if you need them. The Perkins diesel is one of the best engines ever to grace a tractor. VERY fuel efficient too. Even the gas versions are fantastic tractor. Most MF100 series owners hang on to their tractors for life. (I have) I keep my MF150 in a garage that my pick-up won't fit in. (It's the same chassis as a 165) The story about them needing an airplane hanger to park is absolutely ridiculous, as is much of the "info" in this thread so far.
Other tractors I'd highly recommend are; MF 200 series, Ford 1000/1600 series, IH454, Deere 1530/2040/2240,
Especially so with a novice operator, but even with experienced operators, live power, power steering, GOOD brakes, comfortable seat, multiple gear options, and adaquate engine power are far more than just a convienience. They're saftey items too. Don't sell youself short. Just a few extra bucks initially can mean the difference between a marginally safe, barely adaquate, unreliable antique, and something that's safe, reliable, efficient, and able to get the job done.