My country (the UK) still hasn't recovered it's GDP per capita of 2007, 16 years and counting. It didn't help that our banks were heavily exposed to those finan

My country (the UK) still hasn't recovered it's GDP per capita of 2007, 16 years and counting. It didn't help that our banks were heavily exposed to those financial instruments that covered US housing and the subsequent crash. >Here’s out it works: Mortgage lenders have typically preferred that buyers have a total debt-to-income ratio less than 36%—meaning that monthly debt payments shouldn’t exceed 36% of one’s income. Surely there could be a hard upper limit, though IIRC it's pretty normal for people in the London and South East area to be paying 40-50% of their income on housing.