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Investopedia explains 'Yupcap'
Yupcaps are a result of rising prices in the North American real estate market, where mortgages and affordable housing are difficult to obtain due to high housing prices. Despite having a steady stream of income in a good paying job, yupcaps often find it extremely difficult to purchase a home in the marketplace. These people often need to wait until they build up a larger down payment, purchase a home with another person, or get help from their parents. Yupcaps' situation contrasts with that of their parents, who could more easily afford their first homes.
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