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Creative Solutions: How'd they do it?/ M9 S) p. |& K1 h" X% ~
Nothing says home like the living room couch p l0 x s9 m/ c7 m/ f# H
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Alexandra Zabjek
: _. k" M1 ?3 y2 f+ v, L- b! [The Edmonton Journal% H( i$ P* G1 ~ [; M/ ?
- u8 a5 i1 Q* M6 v- lSunday, May 20, 2007' b9 A% N& Z5 p7 [) A6 B
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0 C! I6 P) {7 Q+ L {& u5 sStudent 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." M# F |$ a0 g0 t
, b: e/ N$ S/ ]6 U* B( EAt Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.6 V3 v" ]# a0 B$ w3 R q
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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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0 d- W0 [, O7 @5 r( `"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."
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After spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.1 K j9 E/ i- w% E; p
& y7 I) r% j, W. }Sharing a one-bedroom apartment is a common arrangement amongst Chinese students studying in Edmonton, says Li, who has been living in Canada for the past seven years. It's a big change for many of these students, he says. e* q7 H9 f& ]
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"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."+ p2 I' u" _4 R6 e% p1 G5 D; N
; r% X% x1 d) W1 aSplitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.! h9 o4 |8 c. a' w5 z
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"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.4 g) S# s. E. T0 X: N9 i+ O; d
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SOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE
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When Caitlin Crawshaw and her girlfriend bought a bungalow in Bonnie Doon last summer, it wasn't just the location that sold them on the 1950s era house. It was also the basement suite.! y: t7 n! h0 S+ C* y) E
l) R- K$ l+ A8 J"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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; l- x; ^% {9 a, R5 ^( @5 Q6 @Their tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.# c& F, i) p2 {- ^# d/ S6 u
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The arrangement has worked out well, especially because the tenant was already living in the house when they moved in and has proved to be a "fantabulous" tenant who often spends time gardening in the yard or raking leaves, says Crawshaw, 25.. Q; J! ]/ e! e( Z3 t
6 F F+ V7 V: R( m1 LThe downside, however, is the lack of space. The couple and their two cats share about 750-square-feet on the upper floor of the house.; d U" \2 u! h7 C
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"It would be nice to have more space and to have another bathroom," she says.3 ~' x/ {5 Q' g% C+ S
( m! P [, b* E7 R4 _/ w"But it does work out quite well. I don't regret it. But I don't want to do it for more than five years -- I don't think that anyone does."
# z4 T0 d3 q- Q; K5 E$ b& J4 |© The Edmonton Journal 2007 |
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