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postscript

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construction on this housing development in isleton, a tiny town on the sacramento river, was stopped in its tracks by the financial crisis in 2008. most of the homes still lay vacant, supervised by a single 24/7 security guard who gives showings to curious passersby. the guard-agent lives onsite. 

ISLETON, PERSONAL PHOTO, 2017 

a house can look like a house and feel like a house and have doors and windows and floors and a roof that keeps its occupants warm and dry and protects their possessions from the elements. but a dissonance arises when the house, though a material form by default, is a mechanism of wealth generation (successful or not) for obfuscated financial entities operating many degrees of separation away from the native site. the house is subjected to a process of speculative abstraction—one which constructs a house that is a house, but that also performs “house-ness” in order to fulfill its role in derivative markets. the house is “real”, but it is also a signifier of reproductive exchange, of a universe of invisible transactions. a natural instability between what is tangible and what is real seeps its way in through the floorboards, setting the house off-balance. it is still a house, for it shelters when called to do so. but it is something else too. material form lives a strange double life in this respect: in addition to its flattening by financial markets, it can also still fulfill the exterior purpose for which it was literally constructed. but then, what else is it sheltering? what else has found a home here?

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14862 CA-160, GOOGLE STREET VIEW, 2007

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my takeaway is that this sculpture of isleton mediates the guard-agent’s movements in ways which work within patterns that only speculation could draw. he is in effect always on the clock, perched upon the third floor of “his” residence with weapons and binoculars and a television, always at rest but always in motion—not unlike the space he occupies. he is in a position of constant appraisal, appointed to manage potential vandals side-by-side with potential buyers, to codeswitch between custodian and spokesperson at a moment’s notice. most of all, he is stuck in many simultaneous temporalities: in the pre-collapse construction rush, in the post-collapse recession, in the perpetual present of capitalist ruin. but he is also profoundly unstuck, precariously positioned as both occupant and employee of a house that was never his, and presumably being tasked with the mission of displacing himself, should a buyer ever come along. the “house-ness” of the house prompts certain behaviors: he sleeps and eats in the house, and keeps his possessions there, and opens and closes the doors when it's time to say hello or goodbye. but the house is more perceivably an abstraction—a footnote in a likely-defaulted synthetic cdo—than it is a house. it is a materialization of speculation: a speculative sculpture, here made visible by its failure as an index of profit.

14862 CA-160, GOOGLE STREET VIEW, 2017

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DIGITAL MODEL, TANIA COLETTE B., 2020

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