Exactly. You understood it all. There are several reason for this existence being hell:
- We are at the end of the world. So we're living in one of the worst "civilization" that could exist on earth.
- Living will always cause more pain than pleasure in average. Why? One reason is to remind you that you're not from this earth.
The real "hell" that is coming from our modern "civilization" is the absence of spirituality, and every consequences from it. A lack of why you exist is far worst than a lack of money. And that's why, really, this life is worst than the medieval life for exemple. Even if this life was hard physically, people even starved, their whole lifes was full of sense, and they did it all in name of something superior, looking at their true self and how they're gonna quit this earth to finally be who they have to be. They were closer to their true nature, and being close to your true nature is what fullfill you. We have never been farther to our true nature than day, and any amount of money, of comfort cannot outweight this. A lot of big thinkers used to say that comfort is a man's killer.
Yes, this earth, especially our times are hell. And it's perfectly logical.