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Creative Solutions: How'd they do it?
& v/ z, D$ B8 q3 V" CNothing says home like the living room couch' K- E, g# o: C( R$ e0 k
0 c) F* P( p& DAlexandra Zabjek4 Z* g+ f6 E5 g5 K
The Edmonton Journal
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Sunday, May 20, 2007
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Student apartments aren't typically luxurious places, but soaring rents in Edmonton are forcing some students to pare down their living arrangements even more than usual.( S5 x& {2 N: V: e1 A3 ]! ?" ]
3 J3 p& O* J3 k/ n7 R% y4 WAt Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.$ K: C; q% w1 R: e+ Y
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Li and Chadwick, both students, split the $600 rent almost evenly -- Li gets the bedroom for $325 per month, while Chadwick pays $275 per month to put his bed in the living room.
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"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."8 j& D% D: M* D& `
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After spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.
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9 L9 r) ^" ?7 e1 QSharing a one-bedroom apartment is a common arrangement amongst Chinese students studying in Edmonton, says Li, who has been living in Canada for the past seven years. It's a big change for many of these students, he says.! E! D5 Y7 S$ Z2 h+ @2 j( o
/ {) @' m* J! s: _# W# l R- O( w, E"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."
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; f4 C6 R. w X3 b; dSplitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.
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: o) H' u' p' x q: K9 j"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.* `! R' z3 T* B- R' E; T( s% T$ z& d
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SOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE
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When Caitlin Crawshaw and her girlfriend bought a bungalow in Bonnie Doon last summer, it wasn't just the location that sold them on the 1950s era house. It was also the basement suite.3 ?6 q ~7 x" D8 _5 s
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"It wasn't originally part of our plan," Crawshaw says. "But as soon as we started looking at houses and seeing what the market was, we thought that maybe we should consider it."
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$ X7 x2 q5 L/ Q! hTheir tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.
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" n0 \3 k B5 [; p2 Y+ aThe arrangement has worked out well, especially because the tenant was already living in the house when they moved in and has proved to be a "fantabulous" tenant who often spends time gardening in the yard or raking leaves, says Crawshaw, 25.
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The downside, however, is the lack of space. The couple and their two cats share about 750-square-feet on the upper floor of the house.' ~! F& Z) R/ \. S
" ^2 {$ F0 N7 q# T" G"It would be nice to have more space and to have another bathroom," she says.& Y# [/ B* o; _: H1 F( A/ }4 v
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"But it does work out quite well. I don't regret it. But I don't want to do it for more than five years -- I don't think that anyone does."3 w) z$ M J& g" D( j! e
© The Edmonton Journal 2007 |
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