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Creative Solutions: How'd they do it?$ U% b( A7 o# ^% I
Nothing says home like the living room couch
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$ h+ `$ m$ _, K3 vAlexandra Zabjek
8 x# M) C- G3 T0 R6 UThe Edmonton Journal
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# z; \/ C- O/ ]6 S0 cSunday, May 20, 2007* g5 F a6 W/ B+ v0 y7 k; 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.1 j0 f) Z1 G2 h( I
( C, r, S. F1 q( l. sAt Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.
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1 L) ?* f" |: LLi and Chadwick, both students, split the $600 rent almost evenly -- Li gets the bedroom for $325 per month, while Chadwick pays $275 per month to put his bed in the living room.
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" i$ Z+ p0 Q# ~ n& t$ ^7 Q! s"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."' N/ Z- M: t% s$ z
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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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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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. {* i7 `! R/ n- ]# X6 J"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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% V9 h8 E! X1 o# p. `1 `2 I: p, QSplitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.' I( v" Y8 f8 ^/ p
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"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.
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, D- g. R$ v; t* b0 SSOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE
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: R3 ~$ u! ^" t" 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.8 {, Z# t: X7 W& z
* g; R! d$ O3 k# d"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."6 n# d! ~6 s" z
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Their tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.
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6 ]( t. Y; h& m7 Z5 P. j7 DThe arrangement has worked out well, especially because the tenant was already living in the house when they moved in and has proved to be a "fantabulous" tenant who often spends time gardening in the yard or raking leaves, says Crawshaw, 25.# d/ V9 s: }* C5 T( w
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The downside, however, is the lack of space. The couple and their two cats share about 750-square-feet on the upper floor of the house.
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4 H2 G/ f" ]2 O# E' {"It would be nice to have more space and to have another bathroom," she says.
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; C4 S: a( t4 R5 h4 ?6 `"But it does work out quite well. I don't regret it. But I don't want to do it for more than five years -- I don't think that anyone does."
[- H" P, o! Y& g$ J© The Edmonton Journal 2007 |
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