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Creative Solutions: How'd they do it?+ V! ~' c7 J7 ^! N1 t/ o' }. a
Nothing says home like the living room couch
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Alexandra Zabjek9 j- u" B& k- ^
The Edmonton Journal. Y& y+ Q/ O/ k. t: D f& m( M e
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Sunday, May 20, 2007
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$ I* b1 a2 K4 m$ `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.( O8 ^+ A' D9 O6 D7 e' O
+ t3 L, U% v W, w2 @, j# F7 N* i4 EAt Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.
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& A/ r& A" c' p& E* }6 @& |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.& j. M' Z) w! |- @1 `
) M& s0 b1 f" N1 {. {! S"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."
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: a4 k9 V0 Z2 j& lAfter spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.
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6 ~' Q; n- S3 r1 FSharing a one-bedroom apartment is a common arrangement amongst Chinese students studying in Edmonton, says Li, who has been living in Canada for the past seven years. It's a big change for many of these students, he says." q8 E$ `9 x) Q# F7 ~1 h
6 | u8 x r# I1 D, \" g"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."+ n z6 c6 f2 K: h! ^7 G* \
% h8 O2 q3 [% \# E( }Splitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.8 g) T- k( u/ b$ k0 Z4 T- Z# K
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"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.
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5 |) B A) m) q5 x0 ?SOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE8 n( h Z% V# C
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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.6 Z1 J9 n1 G8 |9 e% j5 ?, D
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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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Their tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.! ]$ r& t* s8 F! V5 f8 s2 N
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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.: d4 F- x+ N, z- ~! p
7 o8 g& z/ d: ~4 O( |# QThe 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.
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"It would be nice to have more space and to have another bathroom," she says.; ~3 Q. ^+ ^: |$ T' k: @6 ^
$ C y1 y4 l1 W2 f"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."
9 i$ x) |/ j0 ^" p- Y$ a© The Edmonton Journal 2007 |
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