"What do you think about stereotypes?"
It's a love-hate relationship. They are, a lot of the time, inaccurate and condescending, but also sometimes they can be funny. Although, they tend to be a bit discriminatory. They can have truths to them if they are being referred to groups in a broader and more collective sense, but they can also be damaging when they are applied towards making judgements on individuals of said group.
One stereotype I can relate to is "trailer trash." A lot of people don't understand that not all trailer parks are trashy, and not all people living in them are, either. Now, because I live in one, I can tell you that, yes, some people that live here are trashy people. But I also know people who live in apartments and houses that are just as trashy, if not more.
So, for me, it's not where you live, it's how you live.