Buzzword of the Week: Yupcap

YUUUP_BUTTON_mediumI always used to hear about Boomerang Kids, who came back to live at home after college. However, there’s a new term, according to Investopedia: Yupcap

A Yupcap is… “A slang term for a young urban professional who cannot afford property. Yupcaps are individuals in their late twenties or early thirties with post secondary educations and a well-paying jobs who are unable to purchase a 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.”

 

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