If they can build a larger home and sell it for the same or more rather then building a couple small homes why do it?

Quote from @Chris Seveney: Quote from @Devin James: In 2021, we saw buyers upgrading to larger homes, taking advantage of 3% interest rates to afford an extra 300+ square feet.Today, smaller homes are selling much faster as higher rates make additional square footage less affordable.While rates are historically average, I don’t see them dropping significantly.

Tough last name to have in the land of the Golden State Warriors ;-)I have a client in Kansas City, MO that has done something similar with one of his larger homes.

1-2 Tiny homes don't bring much value as they don't add much equity.

Is it common to purchase a home with other debt?

I’ve lived in my current single family home since 2020.

Home Equity: What Is It?

Quote from @Geoff McFarlane: We bought our current home in 2011 for $97k.

It does come down to DTI and what you can show versus what you can qualify for in terms of home price.

For an extra charge, the cleaners may be willing to do with laundry at their home, although I did this once and had mixed results.