Investing Answers Building and Protecting Your Wealth through Education Publisher of The Next Banks That Could Fail
Investing Answers Building and Protecting Your Wealth through Education Publisher of The Next Banks That Could Fail

Yupcap

What it is:

Yupcap stands for Young Urban Professionals Who Can't Afford Property.

How it works (Example):

Let's say Jane Doe has a master's degree and is an editorial assistant in San Francisco. She makes $30,000 a year and thus doesn't qualify for a mortgage in the city's high-priced real estate market. She also has a lot of student loans and is three payments behind on her car because she spends too much money eating at restaurants. She is a Yupcap.

Why it Matters:

Yupcaps are usually in their 20s and early 30s. Though they tend to have good educations and bright futures, they have high amounts of debt, little credit history, and little saved, making it tough for lenders to lend to them.