C.P. Morgan Is Going Out Of Business

It's true, C.P. Morgan is going out of business! C.P. Morgan was Indiana's leading builder for decades and even they cannot survive this economic downturn.

Calling it one of the most "difficult decisions I've ever had to make," Chuck Morgan, the company's founder and chairman, said in a statement that the collapse of the real estate industry "makes it impossible for us to serve our customers effectively and remain viable."

"This is a sad day for thousands of people across Indiana and the Carolina's. All of the people that were so dedicated to the success of C.P. Morgan have just lost a little more hope that a recovery will happen anytime soon," a contractor from Indiana said, "C.P. Morgan is a company with great people... people of faith. Something good will come from this. We have faith"

"The hardest part of this decision for me has been our associates who have worked tirelessly over the last several months to prevent this from happening," said Morgan. "I'm extremely grateful for their exceptional commitment to our company, which only adds to the sadness I feel about closing our doors."
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As new home sales hit record lows not seen since 1963, we must all wonder what is next? What is over the horizon for us? As the recent stimulus package has yet to stimulate everyday Americans spending habits. Where is the leadership that we as Americans yurn for, to lead us to recovery? Is an $8000 tax credit for first-time home buyers enough to stimulate home sales? I believe a more aggresive approach is what we need to jump-start the economy, like the proposed $15,000 tax credit for all home buyers that was taken out of the stimulus package in Commitee after it was passed by the Senate. I think they missed the boat on this one.

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