I live in HK, where real estate is at a premium. I’m a family of 4 people, living in a 700 sq-ft home with no garage. (And I’m reckoned to be on the fortunate side of things.)
There is no way I can set up a home lab here.
I know there are circuit simulators, but simulators are not the real thing. I think that simulators (the free ones that I know of anyway) typically don’t simulate random defects and physical variances that you would have to debug and deal with on the real thing.
There are also tangential, and nonetheless practical things that you cannot learn from a simulator: e.g. how to arrange your lab so you can work efficiently and with as few accidents as possible; how to make a good solder.