I lived, for about three years, in a ghetto of upper classed wealthy morons.
$500 thousand homes smacked side by side in a row can be just as ghetto-ish as anywhere.
And the crime?
A kid walking on the grass was considered a crime, by most.
Having a dog was considered a crime.
Parking on the street was considered a crime.
And gaud forbid you should have friends over past 11pm on a weeknight.
Even the Walmart a mile away was regulated to close from 11pm to 6am due to traffic noise. And trains traveling the railroad tracks a mile away were regulated to not sound their whistle when within the community. And I love hearing far off train whistles blowing.
Some blue haired fossil of an old lady complained and had the geese rounded up and removed from a nearby community pond.
Now THAT was a ghetto in my book.
Lol, you described a normal area, if not maybe a little stuck up. That's not ghetto. Ghetto is a shitty place that is run down, full of sketchy ass people. Bad things happen, it is considered unsafe. As has been discussed already people have varying opinions of just how bad ghetto is, but I think most people agree on ghetto being a pretty crummy area that you wouldn't feel safe/comfortable, or worse.
Annoying city bylaws and $500k homes? That doesn't sound like the ghetto to me at all. But that probably wasn't really enough information to say, either.
I've lived in areas where there were rapes and stabbings with alarming regularity, and the people that lived in the area were pretty trashy. Loud, messy, on welfare, throwing parties till 4-5am with a bunch of people doing drugs and drinking, smashing bottles and yelling, police hardly bothering to even answer complaints about it since it's always like that... From what I remember, that place was a bit ghetto. I don't remember any shootings, but I had my share of unpleasant interactions / altercations over there. Still, in my mind, "the ghetto" is yet a place far worse.
To answer the thread, no, I wouldn't move to the ghetto to save money. I already live in walking distance to work and downtown, I pay very little rent because I made the compromise on size, but the neighborhood is totally good. If I move, it will be to a place at least as nice, and at least as convenient.