Deadly prices in the valley

If you want to RIP in Silicon Valley, you had better score that IPO

If you want to RIP in Silicon Valley, you had better score that IPO. Northern California's high-tech economic boom has already caused housing prices to rocket. Now graveyard real estate is following suit - with four-person burial plots in San Mateo's Skylawn Memorial Park going for $265,000.

While plots in other local graveyards were significantly cheaper, all were showing a sharp upward trend, according to reports.

It's demand, like anything else," Mr John Milne, director of family services at San Jose's Oak Hill Memorial Park said. "You can buy a cemetery lot in Iowa for $100. Here, the average price is about $3,400."

A survey of local graveyards found that at Oak Hill, a plot which sold for $1,250 in 1987 was valued recently at $3,720. At Chapel of the Chimes in nearby Hayward, a plot worth $2,500 in 1987 is now worth more than $12,000.