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Creative Solutions: How'd they do it?
6 [# M7 C: W) Q- S& \) w! sNothing says home like the living room couch
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# t5 T% v3 u7 S' E* c$ K. X2 zAlexandra Zabjek3 b, Z7 b" ^; b! m3 i. k
The Edmonton Journal0 f( @) P6 y4 h: i2 g. d" ?& c
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Sunday, May 20, 2007, P: i: f# Y3 b2 A/ l: a; X
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# W6 n+ v3 j* R3 h/ CStudent 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.9 d4 v0 w4 I' O; G
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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 $275 per month to put his bed in the living room.
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: E+ E6 }9 y; v9 V0 i) K, T$ n"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."8 `( t( G, d( {* e U$ ?
- m# z) ^4 q; H5 ^$ _After spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.$ Y& H4 }$ v2 Y X
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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.
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. @( ~5 k0 Y$ T% o"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."2 _# i' h7 D- L( R4 z% [( f
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Splitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.# ^0 |1 S1 J0 D' l2 b. ~+ `
; w+ W% j5 T! U. G7 r"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.
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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."8 [' V9 A1 j3 o# C. j9 F/ t
7 p: s9 X" N4 K/ l% C3 z4 n( bTheir tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.0 k) d p% c4 b/ O6 \% h2 V( [
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The arrangement has worked out well, especially because the tenant was already living in the house when they moved in and has proved to be a "fantabulous" tenant who often spends time gardening in the yard or raking leaves, says Crawshaw, 25.
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The downside, however, is the lack of space. The couple and their two cats share about 750-square-feet on the upper floor of the house.+ ?4 ~- r2 l' }' n) J; A
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"It would be nice to have more space and to have another bathroom," she says.1 J% ] e0 p$ ~/ s d
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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 o: P& M6 x. S$ b© The Edmonton Journal 2007 |
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