Summary
WE'VE long classified homebuyers into categories such as "yuppies" and "dinks," but the American housing scene, with its mortgage industry problems and rising prices, has spawned a new business culture and a new acronym.
In the United States, "yupcaps" -- "young urban professionals, can't afford property" -- are becoming more recognizable figures at show homes and open houses."I was a yupcap," says Jeff Langholz, CEO of Home Equity Share. "I am a college professor who could only afford what seemed to be the last affordable house in the state of California -- a rusty old double-wide trailer."See the full content of this document
Extract
'Yupcaps' in U.S. Use Equity Sharing to Buy Homes
By Marty Hope
WE'VE long classified homebuyers into categories such as "yuppies" and "dinks," but the American housing scene, with its mortgage industry problems and risin...See the full content of this document
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