Its more than a nightmare, its almsot a curse. If you live on a street named Elm, your house will be valued half as much as the surrounding place.
And this isn’t even limited to the US. The UK has seen prices drop an average 39% compared to surrounding area, all seemingly because of the infamous 80s movie. Over 70 houses were examined, and some were as much as 56% less expensive than the surroundings. “It sounds like a horror movie sequel, but for hundreds of homeowners, the curse of Elm Street is a grim reality,” Alex Gosling of Housingsimple.com said.
On the other hand, if your willing to risk a demon in your dreams, you can save a lot of money by moving to Elm St.