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Creative Solutions: How'd they do it?
8 m. e7 t) }5 v" [! c u$ RNothing says home like the living room couch% \+ h( t( m* ]8 I" ?: @
! l* [% h( I% w5 B9 { C4 P2 q# y+ DAlexandra Zabjek
2 K: ~% r5 z( `- \' [5 O0 jThe Edmonton Journal
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2 T3 N8 b, Z1 dSunday, May 20, 2007- `8 c k7 O/ V, h ~/ C0 j" n" F! L
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& I0 E$ G0 F- P' DStudent 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.$ d, {, }5 N: K0 |8 K
+ a# h B+ X9 ]At Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.0 T$ B' c% Y4 Z# c8 O- A5 U* n2 s
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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 $275 comes into the picture, it works out quite well."0 j4 t) ]; Y8 z6 V
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After spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.
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1 _. G s* J" D+ qSharing a one-bedroom apartment is a common arrangement amongst Chinese students studying in Edmonton, says Li, who has been living in Canada for the past seven years. It's a big change for many of these students, he says. ^* ~1 \$ n. K! h0 a9 J) H
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"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."
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Splitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.
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5 l- X7 z _' g" ["I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.
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SOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE
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5 G/ i9 {9 X6 r' \! K9 @* MWhen Caitlin Crawshaw and her girlfriend bought a bungalow in Bonnie Doon last summer, it wasn't just the location that sold them on the 1950s era house. It was also the basement suite.% `3 X9 s5 o' o7 d$ E3 L6 E0 ~
2 |# Q3 Z) O! U"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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7 U9 `* Z" y$ `, c! JTheir tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.
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The arrangement has worked out well, especially because the tenant was already living in the house when they moved in and has proved to be a "fantabulous" tenant who often spends time gardening in the yard or raking leaves, says Crawshaw, 25.! `) j2 `; Z* r6 r+ ~
4 f: W) U4 ?8 t9 m# OThe downside, however, is the lack of space. The couple and their two cats share about 750-square-feet on the upper floor of the house.$ I. x: v! b/ O5 f: j6 S5 {3 y: g
; }5 K, Y* _$ F0 `0 B"It would be nice to have more space and to have another bathroom," she says.
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# v h, q2 U$ M8 G, T"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."5 `6 v1 }! J7 r) n ]8 P) f. u
© The Edmonton Journal 2007 |
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