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Creative Solutions: How'd they do it?
. |2 b' n! u+ d/ L2 ]Nothing says home like the living room couch' A- I2 u& {/ v) Q# D4 u8 B, ~" q
3 D7 S9 e- d; O/ YAlexandra Zabjek* h& m8 q' D7 O! ^- P; E$ Y
The Edmonton Journal# T, D. E: n3 f9 d# {' s
7 H: Y$ ?0 n$ g- m, H# _ JSunday, May 20, 2007
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# Q2 ~4 ?0 X- C6 j: l5 b$ Y8 w4 eStudent 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.2 J# P* @" x5 t; B2 }
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At Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.2 J+ a. K0 v) `# [8 w0 N; ]
! q- _7 u9 l4 B' H2 k' t- x3 g5 ]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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" l& S+ Q2 n; ^4 H4 ^# z! V"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."
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5 `$ o% \( \$ O0 U6 rAfter spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.6 X0 t8 V( ^1 J6 y
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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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1 J% \+ J7 ~9 P"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.* |. T* m8 k4 r- A
" L a/ Y5 M% y0 ~8 ?; w' i"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.8 Y! e/ ?2 Z- B) R
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SOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE. j5 G' _ m& e( q- ]
# B4 x1 m/ H" J8 EWhen 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.8 E6 b: X/ ~' b; L" F2 Z3 }8 H
# W) M" {8 _6 {) u, A0 G, J"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 $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.
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The arrangement has worked out well, especially because the tenant was already living in the house when they moved in and has proved to be a "fantabulous" tenant who often spends time gardening in the yard or raking leaves, says Crawshaw, 25.
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The downside, however, is the lack of space. The couple and their two cats share about 750-square-feet on the upper floor of the house.
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( x$ P, ~8 | P) s7 h/ n* }! R"It would be nice to have more space and to have another bathroom," she says./ j3 ?( w# f/ B+ w1 N
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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."
/ f7 ^/ W: S/ G. n+ j% h4 {© The Edmonton Journal 2007 |
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