Page 1 of 2 12 LastLast
Results 1 to 15 of 17

Thread: Triton TH

  1. #1
    Addict
    Points: 119,633, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 0%
    Achievements:
    Veteran50000 Experience Points
    simply1's Avatar
    Join Date
    Jun 2009
    Location
    Salt Lake City
    Posts
    5,282
    Points
    119,633
    Level
    100
    Thumbs Up
    Received: 28
    Given: 2

    Triton TH

    Been living in a Triton townhome and man, the values just keep plummeting, can't get out from under the damn thing now.


    I don't do signatures. Blondes, brunettes, and red heads are a different story.

  2. #2
    Legend
    Points: 203,125, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 23.0%
    Achievements:
    SocialCreated Album picturesVeteran50000 Experience Points
    dmclone's Avatar
    Join Date
    Oct 2006
    Location
    50131
    Posts
    13,294
    Points
    203,125
    Level
    100
    Thumbs Up
    Received: 191
    Given: 295

    Re: Triton TH

    Where are you located?



  3. #3
    Pro
    Points: 36,387, Level: 58
    Level completed: 79%, Points required for next Level: 263
    Overall activity: 1.0%
    Achievements:
    SocialVeteran25000 Experience Points
    drmwevr08's Avatar
    Join Date
    Nov 2006
    Location
    Omaha, NE
    Posts
    3,436
    Points
    36,387
    Level
    58
    Thumbs Up
    Received: 6
    Given: 5

    Re: Triton TH

    How do sales numbers compare to where they were selling for new? Are they even building anything still? They completely left Omaha as far as I know.


    Nothing to see here mods. Keep moving.

  4. #4
    Speechless
    Points: 727,884, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 83.0%
    Achievements:
    SocialVeteranCreated Album pictures50000 Experience PointsOverdrive
    Cyclonepride's Avatar
    Join Date
    Apr 2006
    Location
    A pineapple under the sea
    Posts
    47,035
    Points
    727,884
    Level
    100
    Thumbs Up
    Received: 1,066
    Given: 566

    Re: Triton TH

    It'll turn eventually. Maybe not soon. My other house has been sitting for a little over two years. Had a buddy rent it out for the first year, put it on the market for a year, then just leased it for the next year. Sucks, but what can you do?



  5. #5
    Speechless
    Points: 727,884, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 83.0%
    Achievements:
    SocialVeteranCreated Album pictures50000 Experience PointsOverdrive
    Cyclonepride's Avatar
    Join Date
    Apr 2006
    Location
    A pineapple under the sea
    Posts
    47,035
    Points
    727,884
    Level
    100
    Thumbs Up
    Received: 1,066
    Given: 566

    Re: Triton TH

    Quote Originally Posted by drmwevr08 View Post
    How do sales numbers compare to where they were selling for new? Are they even building anything still? They completely left Omaha as far as I know.
    They shut down operations. I suppose it's possible that they gear back up at some point, but nothing right now.



  6. #6
    Legend
    Points: 203,125, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 23.0%
    Achievements:
    SocialCreated Album picturesVeteran50000 Experience Points
    dmclone's Avatar
    Join Date
    Oct 2006
    Location
    50131
    Posts
    13,294
    Points
    203,125
    Level
    100
    Thumbs Up
    Received: 191
    Given: 295

    Re: Triton TH

    I think it probably has a lot more to do with the current market and the fact that it's a townhome than anything to do with Triton.



  7. #7
    Speechless
    Points: 727,884, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 83.0%
    Achievements:
    SocialVeteranCreated Album pictures50000 Experience PointsOverdrive
    Cyclonepride's Avatar
    Join Date
    Apr 2006
    Location
    A pineapple under the sea
    Posts
    47,035
    Points
    727,884
    Level
    100
    Thumbs Up
    Received: 1,066
    Given: 566

    Re: Triton TH

    Quote Originally Posted by dmclone View Post
    I think it probably has a lot more to do with the current market and the fact that it's a townhome than anything to do with Triton.
    Yeah, you're competing with foreclosures and probably with some of the remaining units being dumped below market value.



  8. #8
    Pro
    Points: 39,118, Level: 61
    Level completed: 6%, Points required for next Level: 1,232
    Overall activity: 0%
    Achievements:
    25000 Experience PointsVeteran

    Join Date
    Nov 2009
    Location
    Des Moines
    Posts
    2,617
    Points
    39,118
    Level
    61
    Thumbs Up
    Received: 15
    Given: 2

    Re: Triton TH

    just thinking about all thoughs stairs makes my knee hurt.



  9. #9
    Legend
    Points: 166,626, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 33.0%
    Achievements:
    SocialVeteran50000 Experience Points
    The_Architect's Avatar
    Join Date
    Apr 2006
    Location
    Focus Town
    Posts
    11,312
    Points
    166,626
    Level
    100
    Thumbs Up
    Received: 211
    Given: 820

    Re: Triton TH

    Refinance and rent it out. You can make a killing in the rental market right now.


    While on live TV, Ford used a vulgar term to describe a private part of the female anatomy, adding that he was “happily married” and “got more than enough to eat at home.”

  10. #10
    Addict
    Points: 119,633, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 0%
    Achievements:
    Veteran50000 Experience Points
    simply1's Avatar
    Join Date
    Jun 2009
    Location
    Salt Lake City
    Posts
    5,282
    Points
    119,633
    Level
    100
    Thumbs Up
    Received: 28
    Given: 2

    Re: Triton TH

    Probably will have to rent it out, there was a foreclosure a week or 2 ago and tons of for sale signs with prices dropping and not selling.

    Not blaming it on triton necessarily, they have a new dev that they built 1 building and then ceased. we got in 5 years ago and now want to have babies and such, thought I was being smart.


    I don't do signatures. Blondes, brunettes, and red heads are a different story.

  11. #11
    Addict
    Points: 119,633, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 0%
    Achievements:
    Veteran50000 Experience Points
    simply1's Avatar
    Join Date
    Jun 2009
    Location
    Salt Lake City
    Posts
    5,282
    Points
    119,633
    Level
    100
    Thumbs Up
    Received: 28
    Given: 2

    Re: Triton TH

    Quote Originally Posted by Cyforce View Post
    just thinking about all thoughs stairs makes my knee hurt.
    Mine too


    I don't do signatures. Blondes, brunettes, and red heads are a different story.

  12. #12
    Addict
    Points: 119,633, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 0%
    Achievements:
    Veteran50000 Experience Points
    simply1's Avatar
    Join Date
    Jun 2009
    Location
    Salt Lake City
    Posts
    5,282
    Points
    119,633
    Level
    100
    Thumbs Up
    Received: 28
    Given: 2

    Re: Triton TH

    It's not easy to get a new mortgage, what with the buy and bailers. Getting punished on all sides.


    I don't do signatures. Blondes, brunettes, and red heads are a different story.

  13. #13
    All-Star
    Points: 17,906, Level: 40
    Level completed: 82%, Points required for next Level: 144
    Overall activity: 7.0%
    Achievements:
    10000 Experience PointsVeteran
    Three4Cy's Avatar
    Join Date
    Jan 2010
    Location
    West Des Moines
    Posts
    1,889
    Points
    17,906
    Level
    40
    Thumbs Up
    Received: 15
    Given: 16

    Re: Triton TH

    Quote Originally Posted by simply1 View Post
    It's not easy to get a new mortgage, what with the buy and bailers. Getting punished on all sides.
    I know those well, my old employer financed a boat load of those properties, now a bunch of them are in foreclosure, or the people are upside down in them.

    A few things to remember if you decide to rent it out - you will have to qualify for the new mortgage making the payment (PITI + HOA dues) on your Triton TH + the new house. You won't be able to use the rental income as income for a year IIRC. You need to be below 41% debt to income on the new mortgage, meaning less than 41% of your income is paying on debt. If you have credit card debt, or any other debt you can get paid off do it before trying to buy another place.

    The biggest problem with the Tritons are many of the people who got into them originally did 100% financing, and now many of those people are in foreclosure. Because of the foreclosures, the value of those things have dropped like a rock. If you decide to stay, and can afford it, start paying extra on the principal balance of the loan. When you make you payment request the extra be applied to the principal. My boss sold a Triton in April and took a huge loss, she was in the same situation you are in, small children and not enough space.



  14. #14
    Addict
    Points: 119,633, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 0%
    Achievements:
    Veteran50000 Experience Points
    simply1's Avatar
    Join Date
    Jun 2009
    Location
    Salt Lake City
    Posts
    5,282
    Points
    119,633
    Level
    100
    Thumbs Up
    Received: 28
    Given: 2

    Re: Triton TH

    Thanks three4cy, it is depressing to have that reinforced, haha.

    We've got 20% down for a new home, however I haven't taken the step to find out whether we'd qualify for the second mortgage with this place included as we don't have the money to pump in to sell it off for as low as they're not going, and I'm not sure about trying to rent it out.

    I'm finishing up some projects that hopefully will make it stand out compared to the other available, sweat equity type stuff like tile floors, etc, but I see other places that are nicely done selling 20% below the original values and still sitting there.


    I don't do signatures. Blondes, brunettes, and red heads are a different story.

  15. #15
    All-Star
    Points: 17,906, Level: 40
    Level completed: 82%, Points required for next Level: 144
    Overall activity: 7.0%
    Achievements:
    10000 Experience PointsVeteran
    Three4Cy's Avatar
    Join Date
    Jan 2010
    Location
    West Des Moines
    Posts
    1,889
    Points
    17,906
    Level
    40
    Thumbs Up
    Received: 15
    Given: 16

    Re: Triton TH

    Quote Originally Posted by simply1 View Post
    Thanks three4cy, it is depressing to have that reinforced, haha.

    We've got 20% down for a new home, however I haven't taken the step to find out whether we'd qualify for the second mortgage with this place included as we don't have the money to pump in to sell it off for as low as they're not going, and I'm not sure about trying to rent it out.

    I'm finishing up some projects that hopefully will make it stand out compared to the other available, sweat equity type stuff like tile floors, etc, but I see other places that are nicely done selling 20% below the original values and still sitting there.
    Unfortunately, Triton didn't know when to stop, and overbuilt that product. Good for you in saving the 20% down, that will help tremendously if you decide to move forward with a second mortgage since you won't have the proceeds from the sale of the townhouse. You never know in selling, the right buyer could walk in and love your home and buy it or it could sit on the market.

    I agree with you on renting, it can be risky because you don't know what you're going to get. You could get someone who takes really good care of the place, or someone who trashes the place, and you're left with a bunch of repairs. It's a crapshoot what to do.

    Hang in there, and keep doing what you're doing, it sounds like you have a good plan in place that makes financial sense for your family.



Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
  • Football
  • Iowa State vs. North Dakota State
  • August 30, 2014
  • 11:00 AM