[jld]

Where I live, I think a shop space like that would cost a couple thousand dollars a month. Lots of hobbies cost that much (boats, rvs, cars, vacation homes, etc) so it's not outrageous, but also more than I think I could justify given that making do in my basement has no added expense.

If your hobby is making and building, embrace that fact and decide whether it's worth the leap. It might be a great life choice.