You're right, you can make basic furniture with those tools and lumber bought from a home improvement store, and the furniture will still be better than what yo

You're right, you can make basic furniture with those tools and lumber bought from a home improvement store, and the furniture will still be better than what you can get in many department stores. That said, I wanted something with mortise/tenon joinery, and for that I needed a woodshop. There's a big gap between the tools you note and a 'woodshop'. Particular tools: workbenches, tablesaw, bandsaw, jointer, thickness planer, drill press, and a dust collection system to keep everything clean and safe. Of course, you can sacrifice powertools for handtools and still have a woodshop, but tradeoffs are obviously present.