But for starters, generally the millenials are having tough time, tend to fall into the 60+% bracket.
Salary will go up in time, maybe suffer for 2 years, then as salary goes up, things will be better?

But my friends and I myself, managed to secure up to 70% of loan to our net income. It is kind of odd, I am kind of worried too whether should go for it or not. Apparently banks are still approving loan installment of 60-70% of income.
You are right, even the most stable job also can crumble down. Everything comes with a risk. What about you? Do you put 50% and less of your net income into housing loan?