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Creative Solutions: How'd they do it?7 D6 i( |( e& X: r
Nothing says home like the living room couch: ]8 X( R0 H+ d: W
5 M" _, `6 K; i5 e% _- G7 f. d W% fAlexandra Zabjek* P# W; n- ?, n; w; V" E. j
The Edmonton Journal7 {$ K6 u1 g6 n& v% E9 b. F
; h: ?' A4 w/ f0 l. S: e: k- {3 WSunday, May 20, 2007( u# F V. R1 Q5 l/ 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.
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\+ g1 d# D1 i- V$ [At Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.$ l/ \4 Q9 f. h, @7 D5 b
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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 $275 per month to put his bed in the living room.
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( t$ }, X4 V: q$ R"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."
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6 W) {0 v! R% K% vAfter spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.
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# H y- n4 M# MSharing a one-bedroom apartment is a common arrangement amongst Chinese students studying in Edmonton, says Li, who has been living in Canada for the past seven years. It's a big change for many of these students, he says.
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4 v0 Q2 k. s4 O0 `$ Z H8 }"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big.", W5 S5 J" i5 `, P
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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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0 e3 `2 f& h! |/ L) A& x) m1 P0 P"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.7 T) y2 n W/ g, D7 G/ T
$ p: W/ z' T/ ?SOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE
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4 ^$ k' i6 x/ s' A8 |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.) q* L- B# x9 c( i; P$ \0 W; a
9 I( r3 K6 S" C& d"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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Their tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.. n' {9 X$ o4 f0 N
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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.
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"It would be nice to have more space and to have another bathroom," she says.
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( e- b' ~/ b9 ?# w$ z% I, K8 ~6 F"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."
! D8 N) Z- b( i5 c5 }4 ?9 s© The Edmonton Journal 2007 |
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