Yea, but who the f*** wants to live in Arkansas or Enid, OK or Texas?
Welcome to the real world, where you CAN live in Manhattan or Orange County, but you'll be poor as dirt and barely make your minimum loan payments. If you simply must live by the ocean, then so be it, but 60% of the guys you graduated with have the same game plan.
Or, you could set up in a midwestern state in a small city that is surrounded by 3-4 other small cities, and you'll make money hand over fist. Not only that, but you'll get paid in cash, have a low no-show rate, and much of the community will hold you in high esteem.
Both are options, you new grads have a choice to make. Don't forget that dentistry is also a business, which necessitates wise business decisions. A dental degree does not equate to a license to print money IF the choices you make are poor business choices.
Choices that can improve your business:
1) Specialize. Some specialties are doing better than others, but the greater education gives you a little corner on the market for doing things that general dentists can't or won't.
2) Find a niche. If you have to be a general dentist, then find a niche you can excel in that nobody else does. This ranges from 6 month orthodontics to special needs patients. It is in your best interest to set yourself apart from the other guys in the phone book
3) Practice in a semi-rural area. It doesn't have to be the middle of nowhere, but that couldn't hurt. MANY people would visit the dentist but can't because the nearest guy is 40 miles away. Even better, be a specialist in these areas where the nearest guy is 100 miles away.
4) Recognize that you don't deserve anything. Be humble, work hard. You aren't guaranteed a huge and lucrative patient base from day 1. Don't compromise your integrity. If you have to take a job where you are doing sub-par work then you are failing the patients and yourself.