Barrie and Inga Adlington, of Birmingham, England, have just finished putting their three daughters through college. As empty-nesters, they are considering purchasing a vacation home in the United States on a lake because prices have dropped in recent years. The house might also serve as a retirement home once they retire in 6 years. The Adlingtons' net worth is $382,000 including their home worth about $266,000 on which they currently owe $43,000 for their first mortgage, with a $798 per month payment. Their outstanding debts in addition to their mortgage include $12,200 on one car loan ($257 monthly payment), $13,700 on a second car loan ($294 monthly payment), and a $25,700 second mortgage on their home taken out to help pay for their daughters' college expenses ($185 monthly payment). Their income is $110,000.

Required:

Calculate the Adlingtons' debt-to-income ratio.

Advise them as to the wisdom of borrowing to buy a vacation home at this time.