Its got the Colgan Air crash written all over it. Pilot's conditions so poor that they can't afford to reside near their work.
I'm not a fan of how the article talks about the positive sides of the predicament. There aren't any - these are professional people much like doctors or lawyers living like beggars. Its actually really sad.
If you haven't seen it - have a look and listen closely:
YouTube - US Airways Pilot Capt. "Sully" Sullenberger Speaks to Congress: "My Pay Has Been Cut by 40%"
The words from the ultimate professional himself:
..revolving door management teams who have used Airline employees as an ATM
It's just the most fitting statement I've ever heard.