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Creative Solutions: How'd they do it?. [/ l3 ~2 t T& l
Nothing says home like the living room couch
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5 c; t6 t# h! h5 i) \Alexandra Zabjek3 m& f5 A( h/ `, d) A* Q) W+ W+ p
The Edmonton Journal8 L, ~( y) a% D
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Sunday, May 20, 2007/ L6 r8 {, ?3 _1 e4 I- X
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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.* f1 N$ O7 n1 n! M. q
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At Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.! u* k! n" k. c$ X+ \
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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 $275 comes into the picture, it works out quite well."- `$ Y: G, b8 v4 y
! Y# T9 X1 Z$ A! F% k/ G- |After spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.( D/ H- C/ t' P% o/ j" F$ L
- S% Q- [6 p: N P& q/ a$ K( s" c* _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., j' z& Y4 J- F' Z4 ~; w7 n
! b1 u/ b. g$ [7 f"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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Splitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.3 Z7 C* B8 U& L3 F4 b
9 o* }: E% j( H"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.
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- w }) u# B) S' y, mSOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE' z1 K% ?$ D' |6 c% G2 ]
# B* v) e" h/ h% WWhen 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."& V0 O# l$ b3 }/ e9 ]* f- {. Y% {- h; \% e
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Their tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw." ~. G$ y% O, z/ F/ d: ~ V
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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, 25.3 O* k+ } g% ?/ O) r, C3 D
7 l f" Q) f C% M8 R/ TThe 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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6 d" w7 ]: F5 e1 J5 T: x. Q"It would be nice to have more space and to have another bathroom," she says.! ]0 m7 B' _3 `) K$ b o" C
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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."
G/ s! J% G* ^9 ~/ J5 C# L' \© The Edmonton Journal 2007 |
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