Michael Huang of the Space Review has posted a good overview of the Fermi Paradox. In his article, titled The Other Side of the Fermi Paradox, Huang notes that "By examining the possible futures of extraterrestrial civilizations, we are simultaneously examining the possible futures of our own civilization." Put in another way, says Huang, "if an alien civilization somewhere had their own version of the Fermi paradox, they would be speculating on our future in the same way that we speculate on theirs."
One of the reconciliations to the paradox cited by Huang is the Park hypothesis, which states that advanced civs have not colonized the galaxy because they don’t want to. Strangely, Huang claims that "staying on Earth is a mediocre future for humankind."
I've observed that the psychological and aesthetic desire to explore space often leads to a space exploration bias. This quite obviously has a bearing on any analysis of the Fermi Paradox. Space enthusiasts tend to be incredulous to the suggestion that interstellar colonization is not in our future. But as Huang himself admits, the possibility exists for "the creation of virtual reality worlds so impressive that real world challenges, such as space colonization, pale in comparison."
Indeed, if advanced civs stay at home you can bet that there's a damn good reason for it, and I'm certain it won't be a mediocre one.