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Creative Solutions: How'd they do it?4 h9 b' ^: U8 K2 W4 C. T9 W+ Y
Nothing says home like the living room couch% c: k7 D* [# s+ O
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Alexandra Zabjek+ w: B: T, i' Z0 @, V9 l
The Edmonton Journal
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, Y t6 ^9 R& b4 j' E3 z" Q4 `Sunday, May 20, 2007, _5 P# l! n% b! i. y
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4 L1 y7 T& U- x+ j& ?# uStudent 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.
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1 ~- C) k/ X5 Y& t( F0 T+ WAt Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.2 m9 c# N7 L& D; p: x
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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.; S5 \2 k; n1 y7 X9 E
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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."
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5 N9 }2 [! Q* @( H6 @5 |. _After spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.( X& l4 }3 D' t0 E+ w
. K* p' ?& N# ~- \" GSharing 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.* x/ [2 a3 t( A+ i ?* O/ \
/ k0 t+ H' }" r; U"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."7 j {8 u) O1 K/ g# ]
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Splitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.& L: K# [9 z/ F, a5 ^
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"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.- i& p3 n/ c: ?; T6 ^
! [5 e7 g7 L& H" c, N, l) T& ?SOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE
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1 R2 j1 y8 E8 k: }" k+ LWhen 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 N; j3 p5 F9 [" L T7 R. N) \
* K" P" O2 D6 i+ y"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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- }6 ~" D; P2 i* L8 I+ `4 xTheir tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.5 j X1 h, [ Y3 z2 w
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The arrangement has worked out well, especially because the tenant was already living in the house when they moved in and has proved to be a "fantabulous" tenant who often spends time gardening in the yard or raking leaves, says Crawshaw, 25.$ b1 a9 V& W/ y
R* R1 S. { F/ O _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.; e, m7 z; C2 i5 @
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"It would be nice to have more space and to have another bathroom," she says.
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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 R* E/ E! V9 c
© The Edmonton Journal 2007 |
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