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Creative Solutions: How'd they do it?
0 i% c0 ^5 d! M+ V' `! MNothing says home like the living room couch) ~& C. b4 P1 r0 i$ E7 n: U
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Alexandra Zabjek
. Q' f% t$ M8 K/ r, ?1 P* q, qThe Edmonton Journal$ L ~. H9 {. o) t. K9 F
' e: p* [/ h. c+ m3 x, nSunday, May 20, 2007
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; i7 u& V0 s7 c! B; VStudent 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.9 ]0 ~. A4 U3 [
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At Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.# P, N% V1 A- h5 s* u
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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 $275 comes into the picture, it works out quite well."
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. [5 b2 d* }& A2 yAfter spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.
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Sharing a one-bedroom apartment is a common arrangement amongst Chinese students studying in Edmonton, says Li, who has been living in Canada for the past seven years. It's a big change for many of these students, he says., n: E1 x4 g1 b" }& I2 j& _1 h
- f8 `4 V' B) r$ u# b: |7 X" Q1 @0 T( k"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."& g6 i) Y+ A% ^- T, q
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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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* e/ t4 `0 w" W) v9 X( e6 j" }"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.5 g5 A' X6 u3 ^- p/ {: i
7 F4 Z8 k& C6 h/ tSOMEONE 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.5 D4 l( C% ]1 G2 b" `1 W% F
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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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/ ?6 C. r6 @* c r- \Their tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.
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The arrangement has worked out well, especially because the tenant was already living in the house when they moved in and has proved to be a "fantabulous" tenant who often spends time gardening in the yard or raking leaves, says Crawshaw, 25.* D( n% e7 F6 @( A0 {
7 k G2 v( e" u1 \+ _5 KThe downside, however, is the lack of space. The couple and their two cats share about 750-square-feet on the upper floor of the house.
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7 q" r) q* r2 W. |"It would be nice to have more space and to have another bathroom," she says.3 H. U8 s' V# v9 }' _& U% C& E
% s. i) m& I" ~$ H7 T# 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."
9 e' Q3 M+ `7 M* P: y© The Edmonton Journal 2007 |
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