“Real estate is at a premium in the ocean. There’s hardly a rock on our coast that isn’t covered with life. So if you’re looking for a good solid surface to settle down, docks and other structures may be just the real estate you’re looking for.” [Vancouver Aquarium advice to sea-life.]


– Exhibit text, Vancouver Aquarium, December 2011

Use of RE as any kind of metaphor in the text accompanying a Vancouver aquarium exhibit would be interesting enough. This example is even more intriguing because of the ideas of ‘running out of ocean floor’, real estate being “at a premium”, and perhaps even the message that critters need to compromise if they want to find a place: “Stop gurgling about it: Pay for a decent rock, or move to a peripheral new warf.”
During a speculative mania in housing, real estate gets increasing mention in the local popular culture.
We have previously noted Vancouver examples of RE infusion into childrens’ books, sports fan behaviour, murder reporting, short films, celebrity visits, sports star bios, and musician bios.
Once a bubble pops such mentions simply disappear.
We doubt you’ll find use of ‘Real Estate’ metaphors in exhibit text at aquaria in Japan, Spain or Ireland.
– vreaa

23 responses to ““Real estate is at a premium in the ocean. There’s hardly a rock on our coast that isn’t covered with life. So if you’re looking for a good solid surface to settle down, docks and other structures may be just the real estate you’re looking for.” [Vancouver Aquarium advice to sea-life.]

  1. just when I thought this site couldn’t get any more absurd.

    • it has been absurd for years.
      the blogger would have a house for his wife and kids already if he was out there working making more $$ and less posting absurd stuff!
      Happy new year VREAA! May the new year bring you better fortune than the previous ones.

    • Vreaa’s on to something here. Someone actually sat down and consciously chose to frame crustacean life in terms of “real estate”. Presumably they did this after reflecting on what people care about and can relate to most. Far from absurd, vreaa’s post reveals how the mass mania in real estate has permeated the public conscousness.

      • Yeah, remarkable, eh?
        The person writing the exhibit text may also simply have come up with the RE metaphor unconsciously, which is arguably even more interesting.
        Check out the hotlinks in the post discussion above. I’m particularly fond of the smiling happy buildings in the Olympic kids book, and of the hockey fans’ ‘mortgage vs tickets’ signs.
        These epiphenomena of a bubble are interesting from a behavioural finance/economics perspective, specifically what some call ‘socionomics’. One or two such sightings alone don’t mean much, but when you see the theme of RE intruding as much as it does in our town, it probably means we’re reaching some kind of super-saturation.

  2. Renters Revenge

    Next exhibit – the sigmoidal growth curve:

  3. Renters Revenge

    And perhaps an exhibit on catabolic collapse:

    “The collapse of complex human societies remains poorly understood and current theories fail to model important features of historical examples of collapse. Relationships among resources, capital, waste, and production form the basis for an ecological model of collapse in which production fails to meet maintenance requirements for existing capital. Societies facing such crises after having depleted essential resources risk catabolic collapse, a self-reinforcing cycle of contraction converting most capital to waste. This model allows key features of historical examples of collapse to be accounted for, and suggests parallels between successional processes in nonhuman ecosystems and collapse phenomena in human societies.”

    http://www.raiazome.com/John_Michael_Greer–How_Civilizations_Fall

    (I think ecological comparisons are exceedingly appropriate for understanding what is happening and will happen with financial and real estate markets.)

  4. “Stop gurgling about it”. Love it!

  5. “…the blogger would have a house for his wife and kids already if he was out there working making more $$ ”

    yeah!! get out there and work, be part of the thriving vancouver industry. Get a job at a starbucks, or get ambitious and be part of a gang, start your own grow op. It’s not as if vancouver has the lowest salary growth of all Canada…. Oh wait…

    What amazes me the most is how vancouverites DO believe that their city is the best place on earth and that their RE prices are justified. It’s so silly…. so dumb. Hahahaha…. RE is at a premium in the ocean, so be smart and learn from fish and anemones and get yourself some RE by the ocean !! lol….. unbelievable. Vancouver stupidity at its best. But hey, it’s different there right !!??

  6. “Happy Holidays and please, dont drink and drive!” – Fred, 2011/12/18
    “Merry Christmas and happy new year to you VREAA.” – Fred, 2011/12/23
    “Happy new year VREAA! May the new year bring you better fortune than the previous ones.” – Fred, 2011/12/30

    Forgive us if we find all this somewhat insincere.

    “There are three things in the world that deserve no mercy: hypocrisy, fraud, and tyranny.” – Frederick William Robertson

    • VREAA … not sure why Fred spends so much time dissing the blog … but I’d like to say thanks for all your good work and also wish you and all the readers a most sincere Happy New Year!!!

      Whatever the outcome of this market …. it is nice to have a place where things still make sense.

    • Yep. Happy New Year VREAA. I too, appreciate what you do here.

      As someone on the opposite side of the trade I enjoy the sentiment readings and even some of the analysis.

      I don’t share your fundamental approach (I think price/rent is too narrow) but I wouldn’t be here if I didn’t have some concerns (12 years is a long run).

      You attract an erudite crowd (of perma-bears) and run a tight ship. Kudos.

      • Thanks, blammo… we respect your alternate take on the markets; your thoughtful and civil comments are appreciated.

        Interestingly, the ship seems pretty ‘tight’ of its own accord, which is a good thing: we enjoy popping up posts, discussing, analyzing; we are less partial to herding cats.

  7. Fred this reminds me of you. All the way back in 06 no less.

    CA homeowner May 8, 2006 6:37 AM GMT

    Bubble schmubble! Ha ha. There is no bubble. The naysayers are those simply attempting to make a quick buck off of others’ fears. In fact, if there is a possible 8% drop that leads to panic there are so many vultures out there willing to compete for the quick sale foreclosure that it will simple drive the market up again. Every investment has bumps and we “may” have one in real estate, but only depending on location, location, location! P.S. I sleep great at night!CA homeowner

    http://app.businessweek.com/UserComments/combo_review?action=getComment&productId=84&reviewId=41566#41566

  8. “Real estate is at a premium in the ocean.”…

    You don’t have to be a crustacean to appreciate that some oceans are, ah…, more ‘premium’ than others… 😉

    http://tinyurl.com/7wbdxbe

    (PS – and no, Rear Admiral Habibollah Sayyari isn’t showing off a new harbourside condo development proposal.)

  9. Happy New Year Vreea!

  10. As a writer, I have to say I agree with the VREAA host that the emergence of real estate metaphors even at the aquarium is a phenomenon worth noting.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s