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Creative Solutions: How'd they do it?% r# u5 S) |) P8 K* ]
Nothing says home like the living room couch& _0 e8 g: o* n5 |0 }& `3 F' k
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Alexandra Zabjek& p/ Y( K1 T! S7 Q( h3 V# h5 `4 `" P
The Edmonton Journal5 \: t I, v* y9 M& l( j$ T
6 ?0 a. K4 K, u, `Sunday, May 20, 2007
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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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1 l$ ~/ H S( r3 ` {2 d3 JAt Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.
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I$ e6 i; h7 r) R- e$ 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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5 J) _6 [- Y( d"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."; s; u; G* F2 U- j
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After spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.1 @( r! M! W# H' z9 P" B( T2 Q
% H1 s/ f6 r8 V8 E, q( H, bSharing a one-bedroom apartment is a common arrangement amongst Chinese students studying in Edmonton, says Li, who has been living in Canada for the past seven years. It's a big change for many of these students, he says.1 p3 ~' v6 D; S% a7 _
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"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."
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& n0 [. q* x3 X& x7 c" g @4 JSplitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.1 A. m+ u& e9 d( a& ]4 W
2 `& M& c% }4 o- v. j"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.
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SOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE
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When Caitlin Crawshaw and her girlfriend bought a bungalow in Bonnie Doon last summer, it wasn't just the location that sold them on the 1950s era house. It was also the basement suite./ P8 I1 n V5 m" d- p/ m
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"It wasn't originally part of our plan," Crawshaw says. "But as soon as we started looking at houses and seeing what the market was, we thought that maybe we should consider it."9 _. ?& z) [$ D# @- r1 `+ u" P: ~
0 U5 V6 Y, d! ^- Z2 ITheir tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.8 P9 ]# N& o8 I. J+ J- `
8 A' |" k+ U0 r* g# dThe arrangement has worked out well, especially because the tenant was already living in the house when they moved in and has proved to be a "fantabulous" tenant who often spends time gardening in the yard or raking leaves, says Crawshaw, 25.. z6 ~! O( B6 e: u% R9 P, V$ j$ x# a% e
J- [& U& _( y" p. T7 AThe 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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: p8 @$ e: n, r"It would be nice to have more space and to have another bathroom," she says.4 i3 @2 `6 _) d
2 i+ E; n: ^: c7 Q& q8 |"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."2 G& B9 h: z' U% k7 d7 @
© The Edmonton Journal 2007 |
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