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Creative Solutions: How'd they do it?: C/ d- _: R4 m/ R4 ?* _' c- z
Nothing says home like the living room couch# e A0 `2 Y/ E
/ z4 I% R0 O3 m& t2 O/ kAlexandra Zabjek
* Y+ M$ |& a1 ^. B; F# B5 rThe Edmonton Journal
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Sunday, May 20, 2007# k9 H k( i" k
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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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At Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.6 j4 W; Y; r1 J0 L" z
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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.# |9 ^1 o) O1 ^/ Q( y4 B
- V2 D/ A, ]+ M4 O) c! D+ t, t7 N) W"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well.") p$ {& b* ?) G8 y9 B8 q
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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.
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" X' B, e9 ?, _. V7 i! q( fSharing 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."* D0 z4 R; U, d/ d$ P: E4 T
# l- Q5 ?! s& A9 F2 X$ _Splitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.
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6 Q Q& q, E$ ^+ {- U"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.
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K6 b: m9 [. g, N ?5 `SOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE% b; l0 u( c+ @5 u8 D O% J
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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.3 a! `6 c# U* g) P, D
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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 $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.5 A# n7 m" r k
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The arrangement has worked out well, especially because the tenant was already living in the house when they moved in and has proved to be a "fantabulous" tenant who often spends time gardening in the yard or raking leaves, says Crawshaw, 25.7 }5 r1 C' K' ?% T: x( G7 R
+ T/ q2 J$ m% NThe 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.# ~) F: K7 r! a$ _' t4 k4 `
8 @6 c8 t' ? A' x/ c- i6 q0 |8 e/ h"It would be nice to have more space and to have another bathroom," she says.: n6 z( F( j/ A+ J, \( a
& k, P( [5 B# K$ p: M6 `, m v"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."+ u/ [4 v E) O
© The Edmonton Journal 2007 |
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