[Doc Faustus]

Definitely true. Look to the routes of low budget horror and look at how good it is. Look at Carnival of Souls, look at Bloodfeast, look at the Texas Chainsaw Massacre, look at Eraserhead, look at Driller Killer and look at Evil Dead. There is plenty to do with low budget horror, but it always needs to bring something special to the table and look at an aspect of the genre or of our culture that isn't being looked at. If you remember that, you should be fine. Don't just put a guy in a spooky mask and a plaid shirt and make a cannibal redneck movie. Don't just buy caro syrup and makeup and make a generic zombie movie. What do YOU find scary? It doesn't matter if anybody else does, if you find it scary you can make it scary much easier than if you focus on the things that have been accepted/established as scary.