Just to set the story straight, the all varieties of 964, all 993s, the 996 GT3/Turbo/GT2 and Gen 1 997 GT3/Turbo/GT2 and the Gen 2 GT3 are all based on the same GT1 engine block design with a true dry sump oil system and are all regarded as tough as old boots.
The C2/C4 996 as well as Boxster/Cayman and Gen 1 997 are all based on a much more economical engine design which has proven through the years to have a penchant for destroying it's RMS and occasionally dropping it's intermediate shaft, the latter at the expense of the entire engine. Regardless of the sheer number of instances, the potential protection afforded by a Porsche warranty is now denied the early variants due to age upping the risk factor considerably. This and only this has to be behind the falling price of these cars. Without doubt, these cars will represent a huge amount of car for a remarkably low price - but not without a significant risk.
The Gen 2 997 cars, with the exception of the GT3, all have the new DFI engine with a completely different crankcase design which (hopefully) increases the reliability of the RMS and completely dispenses with the troublesome intermediate shaft.
If I were in a position to buy a more modern 911 I would agree with what has already been said above and consider the Turbo (or GT3) as the only game in town.
Regards
Dave