MyFriendAlex

NYC Rent Freeze - but here are the facts: 👇⬇️

@Kalshi This is why 🚨

JUST IN: NYC rent prices hit all time high

@Polymarket This is why:

JUST IN: Manhattan median rent has surged to a record $5,295 per month, while Brooklyn hits $4,350.

🎯If I had to build a curriculum today, it would include: • AI literacy • Personal finance • Investing • Negotiation • Entrepreneurship • Communication • Critical thinking Those skills may matter more than memorizing facts AI can retrieve in seconds.

@ValKatayev Here why Rent Freezes backfire 🚨

In January I wrote that NYC housing prices and rents would skyrocket under Mamdani because he’d scare away new supply. It took 6 months. Brooklyn rents have been climbing for years, roughly 4 to 7% annually. But this just kicked into another gear. Median rent hit $4,350 in June, up 8% in one year, setting all-time records two months in a row. Manhattan crossed $5,295, also a record. Apartments are renting 30% faster than last year. Vacancy is under 2%. This was never hard to predict. I develop condos in Brooklyn (a side-hustle), over $250M built and building. I see it firsthand, and here’s the part nobody’s talking about yet: Land prices. Sellers are asking significantly more for development sites than a year ago. That’s the market telling you what’s coming. When land gets more expensive, the housing built on it has to sell or rent for more. There’s no way around that math. So the pipeline is thinner AND more expensive. Fewer projects pencil, and the ones that do will deliver at higher prices. That’s tomorrow’s rent increase, already locked in today. Every policy that adds risk or cost to building doesn’t punish developers. We just deploy capital elsewhere. It punishes the renter who shows up in 2027 and finds 40 people at an open house. You can’t scare away supply and expect prices to fall. Scarcity is the price. Called it in January. The math hasn’t changed. It’s compounding.

@unusual_whales Here’s how that works: 🚨

Ten years ago the mortgage rate was 3.5% and the average new home cost $350,000. Today the rate is 6.5% and the average new home costs $540,000.

@SBA_Kelly 🚨 here are the details

Small businesses can contribute up to $2,500 per year, per employee to Trump Accounts. An incentive for workers – and an investment in the next generation of small business owners!

🚨Credit Score Impact factors:

@unusual_whales That’s a nice outlier but here is the reality:

"Over 440,000 people, or more than 1,200 a day, became millionaires in the U.S. in 2025, accounting for nearly half of the world’s new millionaires," per WSJ

@money_cruncher Here are the details in a graphic:

Trump accounts (§530A) are now live. Here's everything you need to know about them (including how to open one step by step):

@InvestingRob Thanks for sharing! Here is some helpful info Rob:

I understand people feel some type of way about our POTUS, Trump, but you have to admit that this is a great deal! You can max out this account ($5K) every year and by the time your kid is in their mid 20s they could potentially be millionaires. Get over your feelings and do the right thing for your kids.

@GuntherEagleman Sweet! Here are some facts:

It has arrived and she’s a beauty! 😍 My X Money card.

@InvestAmerica24 This is important here is why: 👇

🎯🎯🎯

@APompliano @TocRadio And I hope it keeps growing! Here is why:

The Trump Accounts are being adopted very quickly. “In first 5 days: - about $125M in individual contributions, excluding seed/philanthropic contributions - 70% of contributions under $250, 60% under $100 - Over 6.5M accounts claimed” Insane growth. Data: @TocRadio.

🚨the power of compounding is real

@vladtenev Here’s a nice graphic:

Love seeing this in action.

@SenTedCruz This is great news! Here are the details

More than 6 million children now have Trump Accounts. I authored and passed this legislation into law with a simple conviction: every child in America should grow up as an owner, not a bystander. When kids have a stake in our economy, free enterprise stops being something that happens far away in Washington or on Wall Street. It becomes something they're part of. That's how you ensure the next generation of Americans will believe in this country.

@InvestAmerica24 This is more powerful than most understand.

A big idea our country can agree on. Every American child invested in the U.S. economy, compounding for decades, expanding opportunity on a generational scale. This is the new reality in America. ❤️🤍💙🇺🇸

Good question. The $1,000 doesn’t come from a separate trust fund. The money comes from the U.S. Treasury, which is funded by tax revenue and federal borrowing, just like most federal spending. Congress authorized the program and appropriated the money. Whether it’s a good use of taxpayer dollars is a policy debate, but mechanically it’s funded the same way as other federal programs.

@MyFriendAlex Question: Where does that initial $1,000 Gov't investment come from for those Trump Accounts. The US is in debt to the tune of about $39 trillion dollars.

🚨 Anyone under 18 with a valid Social Security number can generally have a Trump Account opened for them. But the free $1,000 Treasury seed money is narrower. The child must be: Born Jan. 1, 2025 through Dec. 31, 2028 U.S. citizen Have a valid SSN No prior $1,000 pilot election already processed A parent/guardian typically files the election

@AndrewBTC Here’s some info for those looking to learn more 👀

Trump Account app walkthrough Best government app/website ever.