Reminds me of getting at least a small workshop in my house ASAP! Not the welding machines, I risk brning my house down myself, but at least a wood shop. Still remember the fun I had with my grandfather in his work shop (wood and later metal). Every kid should get that oppurtunity!
I live in a small cramped apartment, but I'd really like to do some wood works. So I bought some balsa wood and a few small tools to do some miniature models. It's not like doing real carpentry but will do until I get myself a shack to fit a band saw in.
I also live in a small place, but I want my child to have the experience of building and using tools. Fortunately, just a couple blocks from my home is perhaps the most wonderful place I have ever been in my life. http://artisansasylum.com/?page_id=1336
I have read about other similar places in New York, and I'm certain there must be stuff like this in the Bay Area. So if you're lucky enough to have something like this nearby, take advantage. I'm not sure what the kid policy is, but I'm really hoping they have or will create children's classes.