Yupcap

Yupcaps are hip, young urban professionals with college degrees who have everything going for them--except they can’t afford to buy property. Yeah...this is so common now, it gets its own term.

Yupcaps aren’t necessarily yuppies, who are also hip young urban folk, but they are considered to spend their money irresponsibly...or maybe are trust fund babies who already have property, thanks to their parents.

Why are Yupcaps a thing? They often have high student loan debt, which leads to not enough savings, and they may have limited credit histories. But it’s also the market: rising property values are great for those who entered the market at the right time, but make it impossible for people with student debt to buy a house or apartment, even with a well-paying job and a college degree.

High debt-to-income ratios are real, and saving for a down payment is pretty much a joke when you’re going to be paying off student loans for the next ten to twenty years.