What Housing Bubble?

It was a rough week on Wall Street. With some experts giving us a 33 percent chance of sliding into another recession, all eyes and ears have been on the economy.

To find out just how bad it is and what we can do to weather the storm, our friend Kai Ryssdal of American Public Media's Marketplace got together with a panel of experts and hammered it out in signature style, putting it in terms the rest of us can understand.

Meanwhile, we thought it might be worthwhile to take a look back at one of the triggers that got us into the first slump — the housing crisis. Was anyone predicting the bubble would burst? That's the question we wanted to answer in this edition of SoCal Rewind.

SoCal Rewind is an on-going series bringing you past reports on the issues of today. By drawing on KCET's extensive archive of Southern California news, culture and public affairs, we seek to inform current events by providing a little historical perspective, and maybe answer the question: Is there anything new under the SoCal sun?