DEFINITION of 'Yupcap'

A slang term for a young urban professional who cannot afford property. Yupcaps are people in their late twenties or early thirties with post secondary educations and well-paying jobs who are unable to purchase property due to factors such as high real estate prices, limited personal savings and limited credit history, all of which can make it difficult to get approved for a mortgage.


BREAKING DOWN '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.

RELATED TERMS
  1. Priced Out

    The state of being unable to invest in a particular market or ...
  2. Real Estate

    Land plus anything on it, including buildings and natural resources.
  3. Mortgage

    A debt instrument, secured by the collateral of specified real ...
  4. Personal Property

    A type of property which, in its most general definition, can ...
  5. Home Debtor

    An individual who holds a large mortgage with little or no equity ...
  6. Property Management

    The administration of residential, commercial and/or industrial ...
Related Articles
  1. Investing

    House Prices Up? How to Find a Home

    With housing affordability slipping in many areas across the nation, first-time buyers are struggling to find a home that fits their budget. What to do?
  2. Investing

    Leverage: Increasing Your Real Estate Net Worth

    Few homeowners think of their mortgages as leverage, but careful use of this asset can help them maximize their net worth.
  3. Investing

    5 Mistakes Real Estate Investors Should Avoid

    Don't let a slow real estate market drag you down - steer clear of these pitfalls.
  4. Investing

    Is Now A Good Time To Invest In Real Estate?

    From carrying costs to investment risk, there's a lot to consider before you invest in real estate.
  5. Investing

    Flipping Houses: Is It Better Than the Buy and Hold Strategy?

    Real estate investors can choose to flip a property or hold it. Find out which strategy may best for you.
  6. Investing

    4 Key Factors That Drive The Real Estate Market

    Whether you are investing directly or indirectly in property, you need to know the factors that affect its value.
  7. Investing

    Is Now the Right Time to Buy a House?

    Thinking of buying a home? Consider these factors first.
  8. Personal Finance

    Mortgage Points: What's the Point?

    Learn how to pay less for your home in the long run, or save in the short run.
  9. Personal Finance

    How Much Mortgage Can You Afford?

    Here's how to determine what you should be borrowing to finance your home.
RELATED FAQS
  1. How have low interest rates affected the real estate sector?

    Learn how low interest rates stimulate the real estate sector by making it more affordable to borrow money to invest in real ... Read Answer >>
  2. How can I make equity investments in real estate?

    Invest in real estate equity through buying and selling real property or through other more liquid investments like real ... Read Answer >>
  3. What does asset management mean in regards to real estate?

    Find out what role asset managers play in the real estate markets, how real estate portfolios are selected and why entrepreneurial ... Read Answer >>
  4. What criteria does a property need to meet to be considered an 'investment grade' ...

    Learn what it takes for institutional investors to consider a property "investment grade," such as real estate investment ... Read Answer >>
Hot Definitions
  1. Leverage

    1. The use of various financial instruments or borrowed capital, such as margin, to increase the potential return of an investment. ...
  2. Trumponomics

    Trumponomics is a term for the economic policies of President Donald Trump.
  3. Universal Health Care Coverage

    An organized healthcare system that provides healthcare benefits to all persons in a specified region. Many countries, such ...
  4. Davos World Economic Forum

    The annual meeting of the World Economic Forum hosted at Davos—a small ski town in Switzerland—in January each year is among ...
  5. Smart Home

    A convenient home setup where appliances and devices can be automatically controlled remotely from anywhere in the world ...
  6. Efficient Frontier

    A set of optimal portfolios that offers the highest expected return for a defined level of risk or the lowest risk for a ...
Trading Center