All I have now is my student loan, which was originally $8250--I'm almost halfway through paying it off (6 years down, 6 to go), but I might try to pay it off sooner. Rho owes 4 or 5 more payments to CCCS and she's debt-free.

But your net worth doesn't change when you convert assets from one type (cash) to another (real estate). So, the transaction is neutral to your red/black status - it hasn't changed one penny. Not trying to split hairs just making the distinction clear.