> People living in high cost of living areas
Feudalism has been eliminated, you could always move. But you're absolutely right. People who choose to live in pricey areas don't get to enjoy extended vacations right out of college. It's your choice to make though.
I visited San Jose a month ago. It's a gorgeous area and the culture is something really special, but it's expensive as hell. But that's fine if you think it's worth it.
Where I live a 3br/2bth house can be rented for <$500. It makes a level of financial independence available that I couldn't have living in CA or most of the east coast.