In our neighborhood, I've noticed that many homes are now in a flurry of remodeling - whether an exterior paint job or raising the entire house to create a basement or garage, people are staying put in this economy (unless they get a steal on a cheap house).
At one time, possibly 1919, our back shed was once a garage...maybe a horse stable (just kidding). We use it for miscellaneous storage, but since it dominates our backyard, I'd love to convert it into something like this:
MetroSheds are amazing pre-fab kits that can be change one's backyard into an urban oasis of leisure and chicness.
The challenge would be whether it'd turn into a retreat for the male species or mine...