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Creative Solutions: How'd they do it?
; h# s: w$ G4 ~) S; v3 B1 _Nothing says home like the living room couch
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Alexandra Zabjek
! M) g- m( C, s XThe Edmonton Journal
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' U" _$ o$ h- r- o% Y9 vSunday, May 20, 2007
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; d0 U6 J7 J' jStudent 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.0 B' k- G' ]) Z
% p$ z! n: a% e! |1 q7 |& x" FAt Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.. x y* c+ c7 L; k, }6 ^* D: N! i& _9 O
1 B7 X5 O- K' e3 D+ F5 G5 j: q/ Y. ~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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) j* a0 G# @) l2 A"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."
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After spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.& b, \* L' R" P$ W7 Q* J, ^5 P
: `* `! e$ W, y* K i1 jSharing 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.. `0 z5 S$ @: a6 \% _' K' p2 ~
$ ^* Y, y5 Y+ m0 o6 ~"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."5 e- ~; Y2 ]" i0 O2 r9 W" t
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Splitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.8 j# l6 @. I+ q" v5 c! a
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"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.* D: S/ @4 W! u: R& l' M8 w
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SOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE! N+ {* O8 u0 ?) \ U" H @
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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.
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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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- \# a9 S9 w4 J& |# rTheir tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.
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! e* H7 k6 S2 q) X; F& S% c: V# o, PThe arrangement has worked out well, especially because the tenant was already living in the house when they moved in and has proved to be a "fantabulous" tenant who often spends time gardening in the yard or raking leaves, says Crawshaw, 25.* b# S" R; Q3 `
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The downside, however, is the lack of space. The couple and their two cats share about 750-square-feet on the upper floor of the house./ T/ ]# o L4 H7 `- P
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"It would be nice to have more space and to have another bathroom," she says.
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"But it does work out quite well. I don't regret it. But I don't want to do it for more than five years -- I don't think that anyone does."
% B1 v1 p$ i8 e& S; B6 R- e© The Edmonton Journal 2007 |
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