(Bloomberg) — Deutsche Bank AG is revising its work-from-home policies in an effort to permanently reduce office space, adding to a growing number of lenders that are using lessons learned from the pandemic to lower costs.
The bank’s leadership is working on a new “hybrid model” for how staff can split work between the office and their homes, Chief Executive Officer Christian Sewing said at a conference on Thursday.
The new policies will eventually allow employees to have binding agreements on how many days per week they want to work away from the office, a person familiar with the matter said. The
As mortgage rates reach all-time lows due to the pandemic, demand for real estate has increased exponentially. But that doesn’t necessarily mean you should buy a home right now.
Way too many homebuyers overextended themselves during the 2008 financial crisis. As a result, most of us paid the price. Having your neighbor conduct a short sale or foreclosure isn’t good for your wealth, even if you borrowed well within your means.
To prevent buyers from the stress of owning a house they can’t afford, I came up with the “30/30/3” home-buying rule. The rule has three parts; ideally, you want to follow all three, but if not, then at least one.
Rule No. 1: Spend no more than 30% of your gross income on a monthly mortgage
Traditionally, the industry advises that your monthly mortgage should not exceed 30% of your gross income. But as mortgage rates continue to decline,