The Children of the Real Estate Bubble
Posted on May 21st, 2009 by Jonathan Dalton
Two nights ago, the first-ever graduating class of Valley Vista High School in Surprise walked across the stage to collect their diplomas. Three years ago, these students walked into a partially-completed school across the street from the Surprise Recreation Complex and began a journey that laid the groundwork for future classes to come.
This school sits in the middle of one of the areas of the Phoenix market that have been hit hardest by foreclosures. Investors descended upon Surprise en masse four years ago and then abruptly walked away as values began to fall.
If nothing else, these seniors prove the lie that is the notion of ghost towns being formed in the desert as the housing market tumbled. This first graduating class was more than 300 strong …
It also seemed somewhat fitting that a school whose mascot is the Monsoon held its first graduation ceremony under skies befitting the monsoon season that soon will begin here in the Valley.
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