La Furia
Legion of Doooom
well why not call it what it really is a "new" middle class since most of the millions that were in poverty before are emerging due to the country's growth. and lets not pretend sao paulo districts are really nice places to live. most are crack infested dens who share the places with the super rich businessmen. the inequality there is still quite ridiculous but yes the middle class has since boomed since the 80s-90s.
Well it sort of started in the 80s but the boom really took off under Cardoso during the mid 90s and especially under Lula in the 00s, the last decade growth has been dramatic.
I agree that there's poverty everywhere but most of the worst favelas are supposedly on the outskirts, Sao Paulo is far more of a sprawling city than say Rio. Some of the most luxurious neighborhoods in the world might not be too far removed from poverty there but the violence and all that is not what it once was. Of course there's still plenty of it, but it's not effecting the cities prices, that's for sure. I would bet your money could go a lot further in parts of Spain right now than southern Brazil.