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Creative Solutions: How'd they do it?& _8 t# |" V! _
Nothing says home like the living room couch1 n/ P/ Q0 q; O9 L1 j& `. @2 L9 e9 s
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Alexandra Zabjek& \$ D2 |3 d; n: D
The Edmonton Journal
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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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5 \( R- Y) M4 J: X6 T0 Q/ R3 LAt Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.+ N# s# J6 w: g# V( X
: V( i( {2 @7 O4 xLi 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.+ B3 M! g/ Y6 z
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"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."
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2 x k" p& u# j# o, j3 {$ ?After spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.) {. m: G' W, M- k4 x n; ?' ? G
7 T% b S7 x6 }' l6 tSharing 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.% l$ K& p2 Q: i" ^8 u: z
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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."" T- Q9 j# ^4 m2 v; j- ?5 w
+ P" [/ |4 D/ u! x9 ?Splitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.
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"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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* D$ W+ r( A, {* _" I1 J( _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.& b/ B E% Q3 i! }& p9 u; W2 t1 G
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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."
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: `6 _2 I. ]2 N0 L) c; T3 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.
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T& ^* n, W0 r: e& P- `& @( }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.. b9 @& w( v% B( E9 [
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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."* [; g9 k t# G) j- T& P9 \% O7 z" [
© The Edmonton Journal 2007 |
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