A recent article in the Wall St. Journal by Anne Marie Chaker reported an uptick in an unexpected area of real estate; cemetary plots! As if the recession hasn’t ruined enough people’s plans in this life, it now seems to be disrupting the hereafter as well. Cemeteries and funeral-property Web sites report a burgeoning marketplace for the sale of burial plots by individuals, many of which have been in families for years. As times get tough, they are now being liquidated to make ends meet. The apparent increase in sellers of cemetery plots has to do with more than just economic necessity. Changes in how people live and wish to be buried also play a role. Increased mobility means individuals may no longer live near a family plot and would rather sell off unused spaces. And growing acceptance of cremation as an alternative to burial means people realize they may have no need for previously purchased in-ground plots. Plots sell quickest and cost the most in places where people tend to retire—such as Florida, Arizona, Texas and Southern California.
