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Creative Solutions: How'd they do it?
E7 J1 {0 i- k# v" c. y$ _Nothing says home like the living room couch6 q% `8 S: [1 `6 u! P# V
+ d: q( A: R9 B5 X3 r- [Alexandra Zabjek
+ z& _0 s3 }5 n& d# ]( |The Edmonton Journal: B( H& N ?% n# ?( f
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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.; |3 ]6 [" v$ f; U/ N) G5 t
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At Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick. B: l$ _! I7 ^% _0 b; @: p
: _) K5 {, |8 C1 x1 o' ZLi and Chadwick, both students, split the $600 rent almost evenly -- Li gets the bedroom for $325 per month, while Chadwick pays $275 per month to put his bed in the living room.
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0 u# }9 o7 w. c& z4 o5 D% D$ `"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well.") p# r [0 k% q4 A
& L! h) r, s* O/ l. AAfter spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.0 I3 d, f" o M! S
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Sharing a one-bedroom apartment is a common arrangement amongst Chinese students studying in Edmonton, says Li, who has been living in Canada for the past seven years. It's a big change for many of these students, he says.4 o! f' a1 t8 K2 I. f7 s
- x8 a9 \% f/ {- {# J"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big.", E4 h7 K" j' W9 b i
9 P5 ]6 }! o8 X) Z5 E# K* z7 uSplitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.
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"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.- R. e! R) ?$ o5 B* Y; G
2 {4 X, T9 [* {0 e5 z- HSOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE
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" A$ K, P% i: d- A, M8 W0 a1 jWhen 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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/ H# G0 U& C# N1 I"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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3 k7 r" e6 r/ p1 H; T/ TTheir 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.% U" k' J% a( B7 ~5 S! J
E- d2 p4 O' p: n. iThe 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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"It would be nice to have more space and to have another bathroom," she says.
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! y4 w) P5 |' M& y, @, b"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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