If banks’ lending behaviour is found to have contributed to New Zealand’s housing quagmire, then banks must be held to account and share the pain when the bubble inevitably bursts, writes the University of Auckland’s Michael Rehm on Newsroom. Kiwis suffer from the least affordable housing in the English speaking world, and the Government is hoping to cut out investors. But while landlord greed seems to be the primary target of the new housing policies, there is an even larger, greedier actor behind the housing markets: banks.