Today's housing downturn has decades of booms and busts behind it. Context explores how governments, investors and global shocks helped turn New Zealand into a country where property became both a home and an obsession.

Season 3 Episode 5

Watch the video version of the episode here

Or you can watch the full series on the RNZ website here.

Thanks to Ngā Taonga Sound & Vision.

Go to this episode on rnz.co.nz for more details