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The Economics of Everyday Things

42. Cemeteries

The Economics of Everyday Things

Freakonomics Network

Business

4.81.2K Ratings

🗓️ 1 April 2024

⏱️ 19 minutes

🧾️ Download transcript

Summary

The verdant lawns promise everlasting rest — but what does it mean to sign a lease for all eternity? Zachary Crockett finds out where the bodies are buried.

Transcript

Click on a timestamp to play from that location

0:00.0

In the city of Oakland, California, you'll find one of America's most scenic cemeteries.

0:11.1

Perched in the hills, it has unobstructed views of the Golden Gate Bridge and the San Francisco Bay.

0:17.4

These 226 acres of prime real estate are occupied by the remains of Titans of industry like the founders of

0:24.9

Folger's coffee and Gerodelli chocolate. And if you want to join them

0:29.3

six feet under, it'll cost you dearly.

0:32.4

You might pay as much under, it'll cost you dearly.

0:33.0

You might pay as much as $50,000 for a premium plot.

0:41.0

Jeff Lindemann is the CEO of Mountain View Cemetery. You might not think of

0:45.7

cemeteries as having CEOs, but there are 3 billion dollar industry in the US.

0:50.7

And there's a lot riding on them making money

0:54.0

because they've made an eternal promise to the people buried there.

0:59.0

When we sell a plot cryptor niche,

1:02.0

the idea is that you put enough money away in the trust fund so that

1:10.5

over time you can care for the cemetery forever.

1:15.0

When you're selling a finite resource though, the word forever can be a bit tricky. It's really kind of greedy, you know, from a land use perspective to say a person who

1:30.6

died is going to occupy this couple square feet of real estate forever, forever,

1:38.8

and we're never ever ever going to change it. For the Freakonomics Radio Network, this is the economics of everyday things.

1:47.0

I'm Zachary Krakkin.

1:48.0

Today, Cemeteries.

1:51.0

For most of human history, we didn't bury our deceased in the ground.

1:55.8

When our oldest ancestors died, they were often left in caves, burned, or pushed out to sea.

2:02.1

The modern practice of bearing people in dedicated

...

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