Every time you look at a house in Los Angeles, the real-estate agent will tell you that someone famous once lived there. It always seemed irrelevant to me: Does a property gain value just because Alfred Hitchcock used to eat breakfast there?

Every time you look at a house in Los Angeles, the real-estate agent will tell you that someone famous once lived there. It always seemed irrelevant to me: Does a property gain value just because Alfred Hitchcock used to eat breakfast there?