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Creative Solutions: How'd they do it?
0 c" `2 w8 ]6 i, dNothing says home like the living room couch3 q' t6 ? ~" ^; ^$ a! H1 \
; o3 ]2 j0 M9 W6 cAlexandra Zabjek
: S* e# A, k4 ?; |The Edmonton Journal
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% L+ b B2 G, D; D+ F; eSunday, May 20, 20078 k: ~. f) c% R8 V! p1 G
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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.# T2 O) b: c, ^$ }
: W0 Y; \8 x, p0 QLi 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."% ~, U3 h4 C0 K
, l+ q( c, f( j! c5 K. TAfter spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.2 T. D; a( a- ~! H2 j
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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.; x. y& ]2 g& O* @/ i8 Y4 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."0 H* ^- S" Q/ M: x
) B" q5 t9 b6 GSplitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.
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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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SOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE6 q- E! \8 Y4 P1 o! u- D) V4 S0 M; Y
* U p# V# Y! t4 a0 S: \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.& B, u) l5 x/ C: K& q% G% E ?! q
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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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2 D/ m7 i/ W" a7 _. NTheir 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., L! E2 _* L7 c& f) c
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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.
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"It would be nice to have more space and to have another bathroom," she says.
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5 A p& R6 B5 Z( H"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."& E" z% Q' e7 t9 B( _3 A
© The Edmonton Journal 2007 |
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