I could be wrong, but per my assessment many Boston-area grads are spending way more than necessary living in "cool" flats. I don't understand why, though? Loft

I could be wrong, but per my assessment many Boston-area grads are spending way more than necessary living in "cool" flats. I don't understand why, though? Lofts, hostels or something less expensive (maybe live in Dorchester instead of Cambridge/Somerville?) would make more sense.