No Boyd it's not my idea of rural either.
I agree with you it is a big mess and the most frustrating part is we have learned nothing from our mistakes. We are making the same decisions that we made 10 years ago. Lot's of people are going through FHA right now borrowing waaay too much money. I have a friend at work and he bought a 275,000 dollar home on 40,000 a year, that shouldn't happen. At the end of the day your correct people went way beyond their means, but that is because everyone feels entitled that they deserve to not only own a home, but own a 3500 square foot home and two SUV's. I blame much of this on the banks and mortgage brokers, people use them as guidance. For the life of me I don't understand why we don't teach basic finance classes in high school. Why do kids have to take a language but aren't required to take a class to learn what a mortgage is, 401k, basic budgeting, etc, etc. Unless you major in econ/finance/accounting when do you learn about a amortization schedule, interest rates, type of mortgages, if you're relying on the broker telling you this good luck because trust me he doesn't know either.
Back to the article though, that area is dense with T/E species, its just depressing to see it get carved up, but I guess that is why I rarely cross 72 anymore.