Please elaborate.
Usually when someone says "I'll settle", it's for something less than ideal. A house by the sea and working a job that you love that also pays well seems like a dream or a goal, not something someone would typically settle for.
For example, I'd love a house on a lake and a job that I loved going to every morning. However, if that was unobtainable for whatever reason, I'd settle for just a regular old house and a job that at least pays the bills (i.e exactly what I do now).
We might just be looking at a difference in the cultural context of the word "settle". I dunno.