VIP will make owning home easy for youths - Hon. Julian Fraser, RA
"What is happening I could tell you. The same thing that is happening in the First District is happening in the Third, the same thing that is happening in the Second District is happening in the Third. The Ninth District I'll tell you about that later...," said Hon Fraser as he addressed members of his district and others at his annual party on Saturday January 10, 2014.
Speaking passionately of the regrettable situation of neglect by the NDP Government, Hon. Fraser noted that there is a common trend for Districts 1, 2 and 3. "What do these districts have in common? They all have representatives that you have elected, your choice, and are not a part of the Government's party, and they have decided to systematically punish the representatives by ensuring that nothing out of the budget comes our way, nothing! I mean nothing," the legislator stated.
According to Hon Fraser, this shameful act of a government is not affecting him as an individual personally but it is affecting the people of the rejected districts. "So if you look at me you could never tell that the NDP is punishing me but if you look at the people in the district you will notice it very easily. So the message here is that you are not punishing me you are punishing the people."
He recalled that it was during his time in government that a decision was taken to remove all import duties from building materials for first time home owners. "So if you buy a ton of steel from Puerto Rico and you bring it to Tortola and you building your first home with it, you pay no custom duty on it. If you buy the same ton of steel here on Tortola, you get a refund for the custom duty. We did that."
The veteran legislator recalled that the Virgin Islands Party (VIP) had also awarded 43 plots of land in Nibbs Estate but, "after three long years look! Not a thing. This government got in, the poor people can't get their land. You think that's right? I guarantee you that at least one of the 43 people could have built one of those houses already, I guarantee you that. It's not right especially when it comes to the youths," stated Hon Fraser.
Hon Fraser added that the reason house rent is the way it is currently is simply because persons cannot afford to build their own homes. "What the Virgin Islands Party will do is further facilitate these young people. We will make sure that the resource, the financial resources are accessible. We got some banks in this territory that will be more than happy to buy a car knowing full well that you can't sleep in the car...but they will give you the money to buy the car but not the land," said Hon Fraser while noting that government should have a meaningful input in those respects.
He told the people that, despite the pressures being handed down on them by the National Democratic Party, he would be steadfast in being a strong advocate for all the people.
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23 Responses to “VIP will make owning home easy for youths - Hon. Julian Fraser, RA”
A programme for financial assistance in this area should apply to any first-time home buyer. A person who has a record of paying rent and a good credit history in doing so would qualify faster for a home mortgage. This results in more home owners which eventually leads to lower interest rates; allowing for younger people to enter into home ownership in a better financial position with lower debt.
You cannot offer financial assistance and continue paying your bills with lower revenues.
How will his Government afford to assist people with homes financially when he will be lowering taxes, thereby lowering Government's revenue, thereby lowering the money Government has to spend. All that while giving increments, salary increases, maritime academy.. all in conjunction with tax cuts?
Politicians always reach into their bag of tricks and gimmicks prior to elections in an effort to bamboozle unsuspecting victims.
Your story should be home ownership will continue to be made easy.
You first need to teach young people fiscal responsibility. Do not only look for work when you want to but something, but they must be tought to save and build a solid foundation for their future. Some can do, many can't.