When I was around 19 I managed to acquire a small Myford from an old man (or rather his widow) who'd created a tiny but surprisingly well equipped workshop in his pantry. The history of the lathe was lost in the mists of time and pre-dated Myford's popular '7' range of machines. You could see the family resemblance though. We ended up making quite a lot of stuff on it - parts for lawnmowers, our Series 2, wheels and axles for model railway rolling stock and a few other things. Sadly I no longer have it - too busy focussing on a different career and living in big cities. I'm getting to the point in my life where I miss the ability to make round things out of metal. For example, my JCB is, shall we say, rather 'loose', and a good deal of it could be improved by suitable spacers and sleeves which would be easy to make with a lathe. Plus I want to restore a classic truck at some point.
Seems to me the decisions made. Now where you gonna put it?