Had secondhands, Mom's bounced on old man
So then we moved to Shaolin land

from Wu-Tang Clan – C.R.E.A.M. Lyrics on Rap Genius

Meaning

Rae had second-hand clothing, his father was a heroin addict as said on “Can It Be All So Simple”, and his mom ended up leaving.

His father’s addiction certainly didn’t help their financial life; it might’ve been the impetus for both the second-hand clothing and the Shaolin (Staten Island) move.

Wu-Tang refers to their home borough, Staten Island, as “Shaolin land” in reference to the Gordon Liu movie Shaolin and Wu Tang, which Wu-Tang is named after (when you grow up in a borough that smells like garbage, you develop a keen sense of imagination)

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