Need money — sell your grave site

Seeking extra funds in this difficult economy, some people are selling their burial plots.

Unfortunately, so many grave owners have the same idea, the market is getting flooded.  Plot Brokers owner Baron Chu reports that his business has increased almost 10 times in recent months.  He also reports that a person recently sold a plot for $500 that was actually worth almost $7,000.

See AP, Money troubles prompt wave of burial plot sales, International Herald Tribune, Jan. 4, 2009.

So, if you are in the market for a permanent resting place, this is the time to buy!

Special thanks to Joel Dobris (Professor of Law, UC Davis School of Law) for bringing this situation to my attention.