European Stars And Stripes (Newspaper) - December 7, 1988, Darmstadt, Hesse                                Wednesday december 7, 1988 the stars and stripes Page Homes less affordable for most in . Washington up higher mortgage rates made Homes less affordable for most americans in october and More recent Rale increases should make houses even More expensive the nation Al association of realtors reported. The association s housing affordability Index for october dropped to 113 from the revised september level of 113.6, the dip is symptomatic of a pause in inc mousing Market in october As buy ers seller and lenders in to figure Oul whal is occurring in the financial markets said John Tuiccillo. The association s chief economist. That pause ended when major Banks increased Chi prime lending rate from id percent to 10.5 percent on nov. 28,"tuccillo said. While the november housing  Index will reflect that rate increase interest rates will continue to go up for the next four to five months and this will cause a further de Cline in affordability conditions. However we anticipate the affordability Index for the typical Tome buyer to remain Well above 100 through 1989," he added. Ira Gribin the 1989 association presi Dent said affordability conditions for the first time Home buyer arc significantly worse than those for the typical Home buyer or the Trade up buyer and Are deteriorating. Our nation s policy makers need lore Cognize that Lack of affordable financing escalating Home prices and inability 10 save for a Down payment arc no joke in is a Stark reality for Many people he said. The october Index Means thai a family earning the median income of$31,892had 113 percent of the income needed to qualify for a conventional loan covering 510.500, or 80 percent of the National median Chi swing Nom Price of $88,100recorded for that month. Half of the resale Homes in october sold for More than inc median Price and a if sold for less. A family earning october s median in come would have enough income to qualify fora $99,700 Home. S11.600 More Thanhie median priced Home that month. Based on lending requirements set by he Federal National mortgage association a family needed an annual Gross income of $28,225 to qualify for a Mort Gage on a typical resale. Home in october. The interest rate used to compute inc Index is a composite of fixed and adjustable Rale mortgages for existing Homos provided by the Federal Home loan Hank Board. This rate was 9.41 percent in octo Ber up from y,3 per can in september. The average effective interest rate on adjustable rate mar Gagi s closed far existing Homes was 8.59 percent in octo Ber compared with 10.68 percent for. Fixed rate mortgages. Home resales by Region september s seasonally adjusted Rale Lor local . Names Rector was 3,63 million. Here is he regional breakdown sex aide says Larouche berated fund raisers Alexandria a. A a former associate of political Maverick Lyndon Larouche testified monday that Larouche exhorted his followers to raise Large sums of Money to help him save humanity from nuclear destruction and berated those who failed to meet fund raising quotas us suffering   Sec Van t. Bardwell also described a boiler room fund raising operation in Larouche 5 los Angeles of fice As the mail and Tat fraud conspiracy trial of the perennial presidential candidate entered its third week in . I Ulrici court Bardwell. Former editor of fusion Magazine a la Rouchl publication said 1-Attouche outlined his fund raising philosophy before enthusiastic followers in a speech in inc Bronx. N.y., in january 1984. Bardwell said Roudie demanded tremendous amounts of Money to finance his speaking Tours and television appearances and to provide Protection against assassination attempts. He justified any Means Short of thievery and thuggery to raise this  Fardwell said. He said the human race was on the verge of self de so curtion mid Bardwell who was associated with la Rouche for nearly 12 years. He said they lacked the moral tiber id survive Larouche said the human race would be destroyed by nuclear War if sufficient Money were not raised to finance his operations. Car dwell Aid. He compared the human race to lemmings Rushing to their own destruction in every speech Liard will said Larouche said the main reason some of his followers were failing  their fund raising quotas was sexual impotence or sexual problems and he frequently referred to them As  Bardwell said Larne clip berated organizers who Heijn f raised enough Money for contributing to the likelihood that he and his wife would be  Bardwell of Hastings on Hudson . Who resigned from the Larouche Organ nation in february 1984 be cause of a dispute Over defense policy and Money questions said he complained frequently to la Raudie Aloir diversion of Money raised from subscript ions to Izard 1 Well s Magazine a publication of the air ouch sponsored fusion Energy foundation. He said Larouche responded that Pard re s sense of obligation to his subscribers was misplaced and that whether or not they knew it they had contrib used Moneylon support Lyndon Larouche and his  Larouche also said his personal Security took Prece Dence Over All other demands on his organization s reve Nues. Larouche and six associates Are charged with mail fraud and conspiracy for allegedly raising More than �30 million in Loans with Sci intention of repaying hem. Larouche is charged separately with conspiring to de fraud the internal Revenue service by having All his per Sonal expenses paid from funds of various Corporal inns he controls. Prosecutors say Larouche has not filed any fed eral income tax returns since 1978. Dukakis tells cities to keep issues alive Boston a Cov Michael s. Dukakis urged City leaders to keep the municipal issues raised during the presidential Campaign before the incoming Bush administration. Homek is Ness and potential cuts in medicare and medicaid funding were among the issues Dukakis cited in speech to 5,000 delegates to the 65lh Congress of the National league of Cit ies which formally opened monday the issues we raised in the Campaign Haven t disappeared because the elec Tion is Over he. Said. We can  re. Treat. We cannot go  Dukakis blamed a Lack of affordable housing on cuts in Federal housing subsidies during the Reagan administration but indicated he and president elect George Bush found some common ground on the Issue during their meeting last week. ,.he called it a National disgrace audit is Dukakis said. He said forging partnerships among stale and local governments the banking Industry and building Trade unions i necessary to Case the housing crunch. Earlier league officials said they will urge the Bush administration to strengthen lies Between local and Federal government. League president Pamela p. Plumb a Portland Maine City Council member and former mayor said the Nalion s cil ies and towns will Bear Ihu Brunt of deficit reduction programs unless Preiti Donie Cal Bush deals with Revenue col. Lection in a serious way.". Sounds of Christmas Beth Ann Eddons of Washington inc theme Christmas Trees donated arid auctioned Aff to by Neil the Vincent t. Makes final adjustments to the sounds decorated by prominent Washington Lombard cancer research Center Al of Christmas tree one of 20 special florists and retailers. The Trees were Georgetown a i Rosity