“Undercover Investigation”

This was funny:

Earlier this year, Sydney-based asset manager John Hempton teamed up with Jonathan Tepper, who runs U.S.-based hedge-fund consultancy firm Variant Perception, for an undercover investigation of Australia’s property market. Posing as a gay couple, they drove around Sydney, from glitzy beachside suburbs to the shabby city fringes, to probe potentially risky lending practices. What they found was considerably worse than what they had expected.

Maybe gays pay a premium!

The charts show a handful of property markets. In some the “bubble” “burst”, in others the “bubble” didn´t “burst” and in others, the “bubble” is still “ongoing”!

Gay Bubble_1

Gay Bubble_2

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