I went to a local harbor freight store here today, I walked in and saw this giant store filled with every kind of tool imaginable. I broke out in a cold sweat in the machine tool section, and it took all the resolve I could muster to not whip out my cc and buy one of everything!
The machinery is really cheap! the quality for the money for the home hobbyist is excellent. The equipment is not precision heavy duty, but to make a few parts etc, it is perfect. You could set up a nice home shop for about $2,550. to $3,000. this would be a lathe, benchtop mill, blast cabinet and compressor, heavy duty bench drill and possibly a tig welder.
They have a real nice table top blast unit for $69.00 I plan on getting one of these and a small cheap compressor for $109.00.
The bench lathe that they have is also a deal, the only drawback I see with it is the spindle hole is only about 5/8", but for $599. it can do barrel work. If you have a store near you it is worth a visit.