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Creative Solutions: How'd they do it?
4 _" @( E' u) c* M$ z1 sNothing says home like the living room couch
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6 @! f& v9 s* G) U3 x1 ^4 aAlexandra Zabjek1 ]7 r6 v& x! Z5 C2 \# C& m
The Edmonton Journal
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9 d6 B6 ?" |7 h. w& k( V$ r/ RSunday, May 20, 2007- [* t8 I8 r$ U$ V/ E2 r1 J- y7 a
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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 b. _$ L; d* f/ x8 i7 V9 NAt Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.+ [3 A( d: P2 O; l4 _) o8 G9 Z, u
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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.7 F1 I, D0 Z4 x# O8 z
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"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."0 A' H4 ^- [" ?' s F
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After spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.( r; g8 @" u3 V K* D6 D& L& N1 t
5 O7 h8 W2 [" j$ K8 a3 n# `' P# C0 l# ?$ 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.
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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.". D1 s; Y3 ] ?; Z V
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Splitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.5 B4 Z& v! B5 _# |! w4 ^' z5 u
" ?7 ^2 _' t0 A) o" C"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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) {! z8 P! o- H6 U- qWhen 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.: _! o) j) I! k& v: p) C" `
0 R" U; J: F) Q3 F \1 o% O9 f"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."5 ^/ U; y9 s. a% L3 y* {8 B1 \
2 a4 q" ` ]' }7 H0 OTheir tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.- n$ M; N2 i6 ]. q' j7 o
9 s3 h G/ L2 E/ J( r/ f- PThe 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.; T% }: Q7 v" V5 [/ _
) L% d1 U1 v+ a% [; Z9 IThe 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 D* s# j% \! |& b$ g/ ] d
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"It would be nice to have more space and to have another bathroom," she says.1 T h0 M! e L. L: 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."
3 H$ h. f8 i8 n. a© The Edmonton Journal 2007 |
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