ofcourse:
The Shtaitel mentality of being Sameach b’Chelko, with bread and water and hand-me-downs, is no longer.
I cordially invite you to come visit the Land of Israel. Here you will be able to witness first hand in a number of communities such as geulah, meah shearim, mekor baruch, mattersdorf, unsdorf, kiryat sefer, beitar, sanhedriya, etc. many many MANY individuals- both native born Yerushalmis and born and bred Americans, doing EXACTLY this. I have a friend who is renting an apartment from a landlord who was raised in that same apartment with his 7 siblings. It has ONE BEDROOM the size of your bathroom.
Your statement sounds like the goyim who say the Torah is too hard to keep. Pas b’melach tuchal and sameach b’chelko are not laws of the Torah, but they are also not impossible to keep.