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View Sample Pages : Kokomo Tribune, October 19, 1994

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Kokomo Tribune (Newspaper) - October 19, 1994, Kokomo, Indiana 144 46 Ind 50 cents City tops affordable housing list By DAVE PHILLIPS Tribune staff writer The nations midsection led by Kokomo offered the most affordable housing during the sec ond quarter of although ris ing mortgage rates are trimming Americans ability to buy homes across much of the The Midwest had 18 of the nations 25 most affordable mar including 1 according to the Housing Oppor tunity Index released Tuesday by the National Association of Home Kokomo has ranked near the top of the groups quar terly surveys for more than a Other Indiana cities listed in the most recent survey include the ElkhartGoshen area ranked 12th followed by Fort 31st South 61st 64th and It is not surprising that another Midwestern community tops our given the relative abundance of land and reasonably high incomes said Tommy president of the home builders The index is based on a survey of sales of new and exist ing homes in 186 metropolitan The leastaffordable markets were in the Northeast and particularly Kokomo posted a score on the AprilJune Reflecting higher mortgage the nation al score fell to 60 from in the JanuaryMarch Mortgage rates averaged percent in the second the Home Builders up from percent in the first three The rate is a weighted average of adjustable and fixed rate Thpmpson noted that rates remain below 9 com pared with doubledigit figures during the Thompson maintained that housing condi tions remain The index measures the ability of a typical family to purchase a home in its own market by com paring median family income to median home The median is the meaning half of the families earn more and half earn or that half of the homes cost more and half cost the median price of a home was in the second That meant that house holds earning the median income of could afford to buy 60 percent of the homes offered for sale In the median income was and the median home price was According to the mortgage underwriting standards used for the families could afford to purchase a home costing times their annual or in this case In percent of the homes sold during the second quarter were priced at or below Carving a smile on a jolly Jackolantern Dawne gets excited after her Candi carves out the mouth of this One of their helpers is a Michael who is holding the pumpkins stem piece The Hosiers and Conroy worked on carving the pumpkin Tues at 2208 Purdum as part They pumpkins on the Tribune photo by Tim Bath Chrysler venturing into Vietnam Vietnam AP Chrysler plans to form a joint venture in Vietnam to assemble and eventually man ufacture pickup trucks ana other a company representative said The automaker already has picked a site for its plant and hopes to sign a formal agreement with a Vietnamese partner within six said Mark Gelinas of the consulting firm Hanoi based VATICO represents Chrysler in Chrysler would become the first automobile company to assemble vehicles in a poor nation of 72 million people with an embryonic car First of the Big Three automakers to make the jump Chrysler Chairman Robert on a visit to Viet outlined the companys strategy Tuesday during a meeting with Prime Minister Vo Van who was in Ho Chi Minh City could not imme diately be reached for Since the theyve been looking beyond just opening a showroom and displaying their prod Gelinas Chrysler plans initially to assemble its Jeep Cherokee and at least one model of pickup truck from imported It hopes to eventually manufacture these vehicles in along with passenger Gelinas Chrysler expects to break ground for an assembly plant in Dong Nai 25 miles northeast of Ho Chi Minh by the end of he Gelinas refused to name Chryslers like ly joint venture partner but said the two companies were well along in their nego Chrysler has been talking with the Vietnam Engine and Agricultural Machinery part of the Ministry of Heavy said a ministry official who spoke on condition of The official could not confirm if the Viet namese firm was Chryslers potential which already assembles vehicles in Indonesia and is also considering Vietnam as a distribu tion center for cars and parts in Southeast Gelinas Ford Motor announced earlier this month that it will soon open showrooms and service facilities in Vietnams two largest Hanoi and Ho Chi Minh General Motors also has expressed interest in but it can celed plans to join in at least two Viet namese trade exhibitions this Four foreign joint ventures are assem bling cars in Vietnam from imported kits for the domestic Mekong is 51 percent owned by Saeilo Machinery Japan and 19 percent by South Koreas Sae Young International Terrorist bomb shakes Tel Aviv Blast kills wounds 48 Israel vows retaliation TEL Israel AP A terrorist bomb shat tered a bus in the heart of Tel Avivs shopping dis trict today in an apparent suicide attack by Islamic Police said 22 people were killed and 48 Israeli officials warned of retaliation following the the third major attack in 11 days claimed by radicals of the Hamas group who oppose IsraelArab Authorities said they believed a suicide reportedly carrying about 110 pounds of explo boarded redandwhite Dan bus 5 head ed up treelined Dizengoff Street in the center of Israels largest The 9 explosion ripped apart the north bound commuter bus and wrecked a second bus that was passing in the other People went flying into the arms and It was a very terrible said Mpshe who was walking to work when the blast The a charred skeleton of twisted stood in the middle of the citys main street with bodies of women and a child sprawled on the side walk Police spokeswoman Eti Greenburg said 22 people were killed and 48 She said authorities had not ruled out the possibility that the bomb was Officials threatened President Ezer Weizman said Israel would have to take extraor dinary action to find the roots of the Islamic extremist groups and rip them to The attack exploded the euphoria of recent days surrounding Israels peacemaking with Jordan and the planned trip of President Clinton for the signing of a peace treaty next People flew from the the head of the driver was completely cut said Eitan who witnessed the Much of Texas struggles as storms swamp state HOUSTON AP It wasnt hard for Edna Mae Montgomery to decide to flee her flooded When it starts getting in my you know its time to the 65yearold woman said Tues day sitting on a cot in one of 42 shelters set up throughout southeast Montgomery was among about people driven from their homes oy widespread the result of unrelenting rain that began At least eight people nave including a 2monthold Two other people were missing and pre sumed Strong thunderstorms early today dumped up to 7 inches of rain in two Hours in Uvalde Coun southwest of San Winds gusted to 58 mph and more than 2 inches of rain fell further south in causing flash flood ing Nearly the entire eastern half of Texas was under a flood watch or warning the fourth day of Up to 28 inches had fallen in the Houston area in the three days ending Theres very little hope its to stop for a said Ann What were seeing now is just a part of Richards designated 48 counties as state disaster areas and Presi dent Clinton declared 26 counties federal disaster More than 800 roads were closed throughout includ ing a 100mile stretch of Highway 59 just outside Inside todays Kokomo Tribune Business Vehicle electronics firms are shifting their focus to active safety Page Sporti Sectional football preview Also Inside Classified Dear Load Drunk driver going to prison for 3 years 73yearold victim still struggling 9 months after accident By MIKE PALUCK Tribune staff writer A former star athlete at Taylor High School was sentenced to three years in prison Tuesday for his role in a drunken driving acci dent that sent himself and a 73 yearold Kokomo man to the hos pital with serious Timothy 4511 Road 450 had earlier pleaded guilty to a Class D felony charge of operating a vehicle while intox icated causing serious bodily Three years was the maxi mum prison sentence mat could be Howard Superior Court 3 Judge Randy Hainlen The judge suspended Wises drivers license for five years and ordered him to pay in court During Tuesdays Wises attorney ana family mem bers asked Hainlen to be lenient with the 22yearold They said he would be a good candi date to speak to area school stu dents about the dangers of drink ing and If Wise wants to perform that type of community it will have to come after he completes his prison Hainlen Wise must report to the Howard County Criminal Justice Center Monday for eventual placement with the Indiana Department of In imposing Hainlen said aggravating factors in the case outweighed factors that could have mitigated the punish He cited Wises bloodalco hol level more than three times the legal limit tot intoxication and the fact that me former athlete had a prior OWI Please see Page ;