Man Chooses Not To Charge His Son Rent On A Home He Partially Owns, Wife Terms It Financial Abuse
My oldest son (24) is not my wife's biological child, and is my child with my late wife. My late wife and I bought a three bedroom house when we got married. When I remarried, my current wife moved into this house with me, but I never put her name on the deed. The house was only in my name. My wife and I ended up having several children and needing to move into a bigger house. When we bought our new home, she wanted me to sell the old one. I said no, that this home was something my late wife and I purchased with the hope of one day passing onto our son. I would make it a rental property instead. That was one of the biggest fights we ever had. She insisted we compromise, but I refused to do so. When my son graduated from college, I put his name on the deed to the house with mine, which was another fight, but I felt he was the appropriate inheritor to his mother's share. I didn't share any of the rental income with him thought, as I was still paying all the taxes and insurance. At this point, the mortgage is paid off. I net over 2k a month from this house, which goes into the household budget. My son just got engaged and wants to move into the house after he marries his fiance. He suggested he pay half rent and eventually buy out my share of the house. I told my son I agreed to his plan of saving up to buy out my share, but instead of paying rent, he should just take over the taxes and insurance. We agreed to this. My wife is livid and says I am a massive asshole for dramatically decreasing our household income without consulting her. She likened my decision to financial abuse. I suggested we downsize to a smaller house now that our oldest two kids are leaving the nest, and we can rent out the larger one and be in the same situation as before (owning two homes and getting rental income from one). She called me a selfish prick and won't speak to me now. Am I the asshole?
