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 . She also has a of student loans and is three payments behind on her car because she spends too much 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 debt, little history, and little saved, making it tough for to lend to them., they have high amounts of