Well, or in the human-chosen passphrase. There are plenty of systems that can brute force an 8-character alphanumeric password run through PBKDF2 for 100,000 rounds.
Per https://support.1password.com/pbkdf2/, that costs...about $60k.
So keeping the ciphertext safe is in fact a very reasonable precaution, especially if you have a fairly short input passphrase or are not using a ton of rounds of key stretching.
I'm not sure how to read that table. Is that really the cost for a 100,000 iteration PBKDF2?!?
But yes, it matches my intuition--brute forcing human-strength keys is surprisingly cheap. (And I don't know if they're taking into account the discount if you have custom ASICs for this, defend against which is the argument made for scrypt instead.)
The problem is that, with web-based password managers, you are not only downloading the database, but also the code to decrypt it. A locally installed Keypass requires your PC to be compromised, whereas for LastPass it is sufficient for their servers to be compromised (while not avoiding the problem if you are compromised, either).