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Creative Solutions: How'd they do it?7 d" Z5 {; H. B" A9 E0 F) r
Nothing says home like the living room couch$ u$ D6 E, r' O; }
# i- O; f( M. t4 C* @( @Alexandra Zabjek/ y4 I2 M9 I. Y0 |$ |
The Edmonton Journal
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Sunday, May 20, 2007$ p/ V8 t1 }% E! C, g$ X
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! @% J2 E4 E' X" wStudent 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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. j6 [& J9 n+ V4 FAt Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.
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% p; L4 X1 a) \' U: }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./ D7 w; {0 I* L% e" `, P
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"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."9 {# X* H8 j& R7 n5 A; |& h. q* K
, M# x, \- e% Y$ |+ i2 EAfter spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.# @4 M% b- ^ e4 W5 ]
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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.8 s6 m+ E% ?" P$ N2 D
% }+ B: X) o+ n1 ]- Q"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."6 ~0 q2 D% s E' |" ]3 ^7 D
4 B. L3 H* x ~7 w2 lSplitting 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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( }& A- Z# x& I/ _ X( VSOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE
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6 E$ J0 W0 e9 o! J( w, {& FWhen 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.
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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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4 j/ u0 d0 ~2 gTheir tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.
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$ z6 @0 U2 t V4 e( fThe 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.. H+ g( B Q' \* l0 q' ? E- |, i
* Q. h" x8 r: b6 G5 nThe 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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0 h" Z5 |' p2 R3 R* ]; t4 i4 g" r"It would be nice to have more space and to have another bathroom," she says.
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"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."
7 H9 d% }1 }3 z© The Edmonton Journal 2007 |
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