Since 2000, real estate values in Canada have risen 3 times faster than household incomes. Facing this explosive rise, most people searched for the “immediate enemy”. Debates framed around the concept of gentrification often fixated on a prime suspect : the middle class couple who just bought a condo in a former working class neighborhood. Might the “chief enemy” might be much more elusive? The excessive production of growingly unaffordable cities is, in fact, a complex assemblage of financial mechanisms and regulations, political norms and interventions and social values. Let’s not see the forest for the trees. We live in a forest named speculation.
Excess and the City marks the inauguration of the (Anti) Speculation desk of the Office of Rules and Norms. In this experimental seminar, we engaged with a major urgency of our times: real estate speculation and the housing crisis. During the Winter 2020 semester —in the wake of a global pandemic — we explored the underlying intersecting systems that produce real estate speculation and form a wider assemblage responsible for the painful experiences of displacement, eviction, precariousness and homelessness.
Throughout the semester, students courageously embraced the emerging sensations of chaos and confusion and grappled with it; maybe our best shot at grasping something designed to be ungraspable. The following projects form a body of creative work attempting to question, reveal and sensualize the seemingly cold and rational apparatus of these systems. Art meets excel spreadsheets, accounting formulas and contractarian legalities.