I don't hate the real ones, I just laugh at all the kids that are little wannabes.  For exmaple, you live in Big Sky, Montana....not exactly ghetto by any means.  When I worked up there the smallest house I went to was probably 8,000 square feet.  So if it's actually part of your  culture it's perfectly acceptable, but if you're just putting on a show in an attempt to look cool you're going to look like an ass in a crowd of pants.