What is ‘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.
Explaining ‘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.
Further Reading
Why do yupcaps have trouble purchasing homes?
Yupcaps often find it extremely difficult to purchase a home in the marketplace because they need more money than most first time buyers, they have little or no credit history, and they may not be able to save up enough money for a down payment.
When was it opened?
It was opened in March 189 .
Are there any other names used for this group ?
Yes , some other names include - Young Urban Professionals (YUPs), Generation X , Millennials .
What is a yupcap?
A slang term for a young urban professional who cannot afford property.
What does it occupy an area of 64.8 hectares mean?
It occupies an area of 64.8 hectares (160 acres).
What kind of job do you think these people would have ?
They would probably work at an office , bank , insurance company , etc...
What are some plants found at this botanical garden that are not found elsewhere on earth?
Some plants found at this botanical garden that are not found elsewhere on earth include 'Alstonia boonei' , 'Cordyla africana' , 'Euphorbia hirta' , and 'Ixora coccinea' .
Who are the yupcaps?
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.
How many students were sent from Kew Gardens to help with establishing the gardens in 189 ?
There were two students sent from Kew Gardens to help establish the gardens in 189 .
How does the situation of yupcaps contrast with that of previous generations?
The situation contrasts with that of previous generations because those generations could more easily afford their first homes.
What is the name of the botanical garden?
The Aburi Botanical Garden.
Where did the term 'yuppie' come from?
The term was coined by Jane Jacobs in her book 'The Death and Life of Great American Cities'.
Where is the botanical garden located?
In Aburi, Eastern Region, Ghana.
When were young urban professionals born ?
In the 1980s when many baby boomers started working after college .
What is another name for yuppies?
Young urban professionals (YUPs)
Which country has helped with funding for this project since its inception in 1875 ?
Sierra Leone has helped fund this project since its inception in 1875 .
Who supervised clearing of land around a sanatorium to start a Botanic Department?
Alexander Worthy Clerk.
Who founded the botanical garden?
William Brandford-Griffith and John Farrell Easmon.
