Get a load of the demoralization shill.
If you're handy you can build a set in your house for short money, less than a bathroom if you can keep the costs to just materials. It's a lot of work, an hour of writing takes minutes to read. I say go for it, just make sure you set yourself apart, something that you can market. If your content is good then people will come. If it stays good, then people will stay.
If you want to spend a lot of money on a project only you and your friends will ever see, this is definitely the way to go!
BTW.....there are thousands of people already doing this. And you don't watch any of them.