Astral Codex Ten

Works In Progress

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Works In Progress

Article

Works In Progress is a recurring organization in the Astral Codex Ten archive, appearing 2 times across 2 issues between December 04, 2024 and December 04, 2025. The archive places it in contexts such as “Sam Hughes at Works In Progress has done a great job”; “hes at Works In Progress has done a great job showing that”; “The YIMBYs at Works In Progress go further, and present The Housing Theory Of Everything”. It most often appears alongside 3D printing, Abercrombie & Fitch, AI.

Metadata

  • Category: Organizations
  • Mention count: 2
  • Issue count: 2
  • First seen: December 04, 2024
  • Last seen: December 04, 2025

Appears In

Source Context

Recovered passages from the original issue text. When the raw archive preserved outbound links inside the source passage, they are listed directly under the quote.

Book Review: From Bauhaus To Our House
December 04, 2024 · Original source
Cost-cutting was simple: cut out all the artisans, and buildings cost less. Sam Hughes at Works In Progress has done a great job showing that, contra the Baumolists, our modern industrial civilization could produce ornament cheaper than ever if we wanted to. But it’s even cheaper to not produce it. In the old days, cutting costs like this would have been unthinkable; your building would have stood out as an eyesore. But if every building is an eyesore, then spending extra on your building makes it look froo-froo, plus the extra money starts to seem irresponsible:
Inline links: has done a great job showing that
Vibecession: Much More Than You Wanted To Know
December 04, 2025 · Original source
Wages never jumped back to the point where they would be if the pandemic had never happened, but they’re back to growing as fast as ever. So this could explain the mini-vibecession of 2023-2024. Still, I claim there is a broader vibecession. Young people felt closed out from opportunities before 2023, and they still feel that way. Since only the 2023-2024 period saw falling real wages, this can’t be the full explanation. The Housing Theory Of Everything John Burn-Murdoch, after examining some of these same data, agrees that wages can’t be the full story. He writes: Are millennials wrong to complain? I fear not. The per capita measure is a beautifully simple rejoinder, but it misses one crucial detail. Wealth accumulation — just like income — matters primarily to millennials today as a means to home ownership, especially as we move into an era of high interest rates. If we deflate wealth by the index of house prices instead of the CPI, millennials’ assets only go about half as far as boomers’ once did. We’re left with a smaller millennial deficit than the original chart implied, but a deficit nonetheless. The YIMBYs at Works In Progress go further, and present The Housing Theory Of Everything (or at least of everything bad): Try listing every problem the Western world has at the moment. Along with Covid, you might include slow growth, climate change, poor health, financial instability, economic inequality, and falling fertility. These longer-term trends contribute to a sense of malaise that many of us feel about our societies. They may seem loosely related, but there is one big thing that makes them all worse. That thing is a shortage of housing: too few homes being built where people want to live. And if we fix those shortages, we will help to solve many of the other, seemingly unrelated problems that we face as well. Here is the Case-Shiller index, the standard measure of US home prices. I’ve started it in 1985 to match our other graphs: If I were designing an index to present the case that capitalism had not failed, I would have avoided naming it “Case Shiller”. During this time, average home price has approximately doubled. Might this only reflect falling interest rates? That is, suppose people can only afford a certain level of monthly mortgage payment. When interest rates are high, that mortgage payment would correspond to a cheap house; when they are low, that same person willing to spend that same amount could buy a more expensive house. To really work with this, we need average mortgage payment over time. Kevin Drum has this up to 2020: …but it matters a lot whether this that spike at the end is a temporary pandemic effect or a permanent regime change. I’ve tried to calculate an updated version from FRED data: Average monthly payment in 1985 dollars. Going to tell my bank I’m paying my mortgage in 1985 dollars from now on. This matches Drum’s data enough to build confidence, and it shows that the post-pandemic spike has lasted. Mortgage payments are almost twice as high as in the 2010s. The COVID housing spike was partly a function of lockdown locking people in their houses (meaning that having a nice house was more important), and partly a function of the government cutting mortgage rates to alleviate lockdown-related economic distress. But why did it last even after COVID lockdowns ended? Partly because the homebuyers who bought houses during COVID will never move again, because that would mean giving up their great mortgages.
Inline links: He writes, The Housing Theory Of Everything, https://substackcdn.com/image/fetch/$s_!zP-R!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F27507c77-dfcc-49a2-8060-61faf8c8df9a_1403x402.png, has this, https://substackcdn.com/image/fetch/$s_!W2g8!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2F2d40e6a9-cfaa-40e8-94e6-97cf0d07f7c3_1265x632.webp, https://substackcdn.com/image/fetch/$s_!7GyC!,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fsubstack-post-media.s3.amazonaws.com%2Fpublic%2Fimages%2Fc556be94-624f-48be-99fb-9918b91324a5_752x485.png