Last week I lost a dream villa in Auckland.

In the most expensive neighbour in the country.

Full renovation to be made to earn around 500k$ with the trade… although this one was for me.

Amazing views of the sea and the Auckland Bridge… from the kitchen and dining area.

Walking distance to downtown.

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I just needed to counter offer around 10-15k$ more and I got it.

But I was weak.

Hesitant.

With lots of fears and doubts…

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Or maybe not that much.

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On reflection, I have my rules.

Minimum discount on fair market value.

Minimum return in equity in a do up.

Maximum equity invested.

Maximum monthly expenses to keep my financial freedom… as I would keep this house for myself.

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And this amazing home was out of those rules.

It did not fit.

I could have gone out of those rules.

Make the exception.

And get it.

Live the dream in one of those amazing houses in Auckland that everyone envies.

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That’s called ego.

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Agencies are always tempted to make new rules in the middle of the match.

Make exceptions.

Justify the exceptions.

Create something unique.

Out of the market.

Out of the common rules of PPP and infrastructure projects.

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And this is where problems happen.

Too much risk.

Too expensive.

Availability payments to the roof as agencies golden-plated the piece of infrastructure… as they allowed exceptions.

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Not a good business.

Not for me certainly.

It should not be for government… and taxpayers.

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When you have the basis clear, these mistakes are not done.

Bravery may be just sticking to the rules.

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If you want my opinion on the PPP basis, click below.

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​The top 15 Lessons of a successful project​

​The top 15 lessons of a nightmare project​

​Don't be embarrassed. ​

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