Unless incomes increase commensurately, that new buyer will be able to afford much less.
"We know population will grow and incomes increase, but also that temperatures will rise and rainfall patterns will change.
Many families have owned their houses for two or three generations, upgrading them as their incomes increase.
Yet in China and India, hunger appears to be growing even as incomes increase at phenomenal rates.
In contrast, as household incomes increase, people are more likely to believe that nature has a somewhat or very stable balance.
Now, typically, we see as family incomes increase above subsistence levels, families typically begin to purchase what they perceive to be better, healthier food for their children.
As enrollments surge, incomes increase and many parents think little of buying their child a car, parking has become a problem at many high schools.
Even the street sellers along the sides of the road have seen their incomes increase with the passing of more traffic.
By contrast, those in social housing, whose rent levels are set by a government formula, have seen their incomes increase on average.
The lender, part of Lloyds Banking Group, said that rising house prices meant that although landlords had seen rental incomes increase, their yields from property had fallen.
Since 1997, the 20% of people on the lowest incomes have seen their net incomes increase by more than 10% as a result of tax and benefit decisions.
