Yeah, that is even worse. With all that money combined, they probably taking 75-80K yearly after taxes. That is 6500$ cash monthly. No car notes, assuming 2500 in bills and foods, 2000K (hypotherical) for the kids if they go to private schools...Man, it does not make sense, should have between...
No! This is why and my answer is all based on assumptions since you did not provide adequate answer to my questions.
10 years into a mortgage probably means that the kids are in HS. Only 7K in savings is not enough to warrant being comfortable enough to spend it all. Now, saving 600$ a year...
10 years into a mortgage, assuming that you have a decent interest rate will put you in the low 100K, would say 110-130K left. So, will still be in debt regardless if you put all the money in the house.
2 questions: - How old are the kids
- Are we both working?
I would also buy all broken houses in the US, fix them and finance selll them to all black families. 1000$/month for 20 years, no foreclosures. I work with you. Cant pay?No problem, pay what you have.
I would send private detectives all over the country to spy on dirty cops that have mistreated, killed for no reason, racist prosecutors, dig all the dirt, expose them or set them up.
Whoever is f***ng the black family up would be on my radar.