Of all the cases of economic espionage charged by the DOJ's National Security Division since 2012, more than 80% of them implicated China.World Politicsread more
Removing Neumann is a difficult decision for Son, who has long believed in WeWork and Neumann's vision to quickly expand the company.Technologyread more
In his new memoir, "The Ride of a Lifetime," Iger explains why he decided against the deal to buy Twitter.Technologyread more
"Whilst there is a big dispute at the moment, I think there's also potential for resolution," UBS chairman Axel Weber says of the U.S.-China trade negotiations.Singapore Summitread more
No quid pro quo, there was nothing," Trump said the call. "It was a perfect conversation."Politicsread more
On Sunday, the 71st Primetime Emmy Awards honored the best comedies, dramas, limited and variety series from the last year.Entertainmentread more
Cryptocurrency fans will hope the futures contracts, which are federally regulated, can provide some much-needed legitimacy to bitcoin.Cryptocurrencyread more
Despite mixed fan and critic reactions to the final season of "Game of Thrones," the eight-season epic took home the top prize in the drama category at the Emmy Awards on...Entertainmentread more
There are alternative financial centers and investors can turn to Singapore, Tokyo or Shanghai if Hong Kong doesn't "shape up," says the founder and chairman of Citic Capital.Singapore Summitread more
The Kingdom and oil and gas industry have been slow to shore up defenses, raising red flags about the possibility of longer term fall-out in the region.Technologyread more
Tensions between South Korea and Japan may ultimately disrupt the high-end tech sectors, says Heenam Choi, CEO at South Korea's sovereign wealth fund.Singapore Summitread more
Forget student loans. Insufficient income is the No. 1 hurdle keeping many people from buying a home.
More than half of the participants in a survey by Bankrate.com cited inadequate income as a barrier to homeownership.
The personal finance site polled 2,668 adults between Jan. 30 and Feb. 1.
In fact, when it comes to buying a home, income shortfalls are an even bigger roadblock than credit card and student debt, Bankrate.com found.
Your monthly income and expenses are major drivers in determining whether you can afford to buy a house. That goes beyond just footing the bill for your mortgage.
"You need to look at what is your list of monthly expenses, including what a lender doesn't consider when they're assessing your eligibility for a loan," said Deborah Kearns, an analyst with Bankrate.com. "You need to take into account all of the other bills."
Saving up to afford a down payment on a new house is only part of the story.
Spend a month or two monitoring your expenses and determine how much of your monthly income will go toward your mortgage payments, said Kearns.
Cash flow is key to determining whether successful homeownership is within your reach.
Your housing expenses, including principal and interest payments on the mortgage, plus taxes and insurance, generally should account for no more than 28 percent of your gross monthly income.
This is known as the "front-end, debt-to-income ratio," and it's a rule of thumb for most lenders.
At the same time, you should be mindful of your "back-end ratio" — or the monthly payment for all of your debt, including student loans, credit cards and your mortgage.
Altogether, servicing these debts generally shouldn't take up more than 36 percent of your gross monthly income.
In addition to the monthly cost of your mortgage, taxes and homeowner's insurance, don't forget your utility bills, said Kearns.
The surprise cost of maintenance is the biggest regret new homeowners have, Bankrate.com found.
Get ahead of those costs — which can run the gamut from landscaping to heating and ventilation work — by researching and budgeting for it.
"Do some research here to find out what other maintenance expenses you will be dealing with; there will be one-off stuff and reoccurring expenses," said Doug Boneparth, a certified financial planner and founder of Bone Fide Wealth in New York.
Homeowners should set aside savings equal to 1 percent of their home's purchase price every year to help cover the cost of repairs and maintenance, said Kearns.
Though do-it-yourself home repair may seem tempting, don't assume it's necessarily the cheaper or easier way out.
Further, if you botch a project because you overestimated your abilities, chances are you'll have to hire a pro to fix up your mistakes anyway.
"If you don't have the time to do it, you end up hiring someone," said Boneparth. "So you should really appreciate and understand how much time you have on your hands."