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Creative Solutions: How'd they do it?" j" u% z7 @, L' w# O4 G8 X
Nothing says home like the living room couch
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Alexandra Zabjek
( s9 L& ?, y* o& V$ E% PThe 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.7 w. }) N, ^8 \+ t1 k, V
' s+ H: X( `/ d. I7 vAt Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.9 d: c- R( l4 ~
4 w' m* f& U! s' O( z/ M# a3 eLi 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./ t# ~& S& U: u5 u
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"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."& A7 V* q. V/ r* Q$ N4 }/ ~% i9 r
: s1 k; B6 Z; w4 wAfter spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom., x/ w) q" N. J# j1 a1 U1 S0 t
! j' P1 @% v1 B# PSharing 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."2 h/ [8 f: Z& |
. ?- g, v+ B& z( ?8 }Splitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.
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+ x" q, `2 Q; L1 N D"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.$ S: r3 w- c3 C
[! o! v1 B/ }! ?/ {4 lSOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE
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- y5 q# F( n% X4 ^! w- C1 u7 DWhen 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.! ~# U5 _+ i. T, {4 j% o4 {4 D+ I
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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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Their tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.
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! g, B- R! L) S- E# L. ? ]The arrangement has worked out well, especially because the tenant was already living in the house when they moved in and has proved to be a "fantabulous" tenant who often spends time gardening in the yard or raking leaves, says Crawshaw, 25.
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9 b H. e/ ~4 }; H; s7 WThe downside, however, is the lack of space. The couple and their two cats share about 750-square-feet on the upper floor of the house.8 z. ^5 A% g% |
& C. q$ ?6 F* n/ l2 }"It would be nice to have more space and to have another bathroom," she says.5 y5 F4 j; V6 `% ]# V% k3 }
) D" W$ ^. a4 w$ C3 j" o: D"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."
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