As the cost of living continues to rise, so does the cost of dying:that is, if you would like to be buried in close vicinity to the king of pop, Michael Jackson.
Since the interment of the wacky star, prices surrounding his grave have risen by thousands of dollars.
One business savvy entrepreneur is even asking the astronomical price of $34,000 for a double unit inside the mausoleum which houses Michael Jackson.
Implications - Perhaps he wishes to bond with the celebrity in the afterlife. This may trigger similar trends as other notable stars pass away. This is one trend that is definitely deadly to your wallet.
What Makes This Trend Stand Out
- Rising Burial Costs
- Opportunity for funeral homes to offer more affordable burial options for those who can't afford high-priced plots near celebrities' graves.
- Celebrities' Grave Investments
- Investors may consider buying plots near the resting places of iconic celebrities as an alternative investment.
- Afterlife Social Status
- The desire to be buried near famous individuals is becoming a status symbol, creating opportunities for luxury funeral services providers.
Sectors Adopting This
- Funeral Homes
- Funeral homes can capitalize on the trend by offering customized burial options near celebrity gravesites for a higher price.
- Real Estate
- Real estate agents specializing in cemetery plots can benefit from the increasing demand for high-cost burial sites close to celebrities' graves.
- Investment Services
- Investment firms can cater to the rising demand for purchasing burial plots near famous personalities as a unique investment opportunity.
