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Creative Solutions: How'd they do it?, ~6 k8 g- l2 u) l+ N5 s7 M/ N! m
Nothing says home like the living room couch4 M( i/ L8 h+ `2 `) q
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Alexandra Zabjek
2 ]# i- n, Y$ z( }" w; F8 n* g) yThe Edmonton Journal
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Sunday, May 20, 2007# R) d: r7 |: v8 p
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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.
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At Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.
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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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8 Q! H, ~; j2 r5 `- j"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."5 ~+ e: h6 }& j( N6 ~1 j
/ v" y! ?. |, J7 p9 b$ F! O5 s0 jAfter spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.% c, d" j4 s" D5 j, F
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Sharing 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. n) K- t& W9 D! m3 n
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"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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Splitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.
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+ d+ U( I6 L H7 K; g"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says." Z. A' D: a. `2 x, \: P7 A# ~
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SOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE
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$ C3 F4 N& E. x6 XWhen 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., N0 a! E: k6 n% V' Y
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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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( Q+ k6 m5 M: p# HTheir tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.
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The arrangement has worked out well, especially because the tenant was already living in the house when they moved in and has proved to be a "fantabulous" tenant who often spends time gardening in the yard or raking leaves, says Crawshaw, 25.- d1 N7 g6 o' A3 e, P& c) M
, S, B1 }" \. j. Y0 E; JThe downside, however, is the lack of space. The couple and their two cats share about 750-square-feet on the upper floor of the house.. d5 q l$ U6 j _5 t
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"It would be nice to have more space and to have another bathroom," she says.6 a2 F: ~' N% f3 K; g% ~" [( V# t
; |2 V2 n, X) |. Z) w, D"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 I& |; y! _1 k; J7 B6 w. u© The Edmonton Journal 2007 |
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