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Creative Solutions: How'd they do it?4 P# d5 y% H* C5 x- I$ `
Nothing says home like the living room couch
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! p* y, p$ {% cAlexandra Zabjek( i8 {# Q$ `0 d6 K/ n' U% t. f# `
The Edmonton Journal& ~/ Z/ O4 h0 G
3 d; m* W! H, F. [/ U0 USunday, May 20, 20071 h% j" v3 Z# d7 ]) ^. R# F
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' k: R& f' T' X$ Q% [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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: w2 A2 Z- U* I0 r/ |% e7 oAt Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.
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4 D5 \$ B, k" Q% M8 l9 D, iLi 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 receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."9 C& ?( N! W7 C8 K
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After spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.
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+ i& c6 G# j- r6 o( XSharing a one-bedroom apartment is a common arrangement amongst Chinese students studying in Edmonton, says Li, who has been living in Canada for the past seven years. It's a big change for many of these students, he says.4 k7 \" V$ | L3 l" U: h' F
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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."
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) q/ l8 M% b' [8 j3 P( O4 Q) oSplitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.& e" Z: K0 f* I6 } s
" i4 g( _6 d3 a I"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.
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: m( D1 V/ j2 `( n4 m/ |SOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE
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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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- J! k( N5 A% ]- V"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." _8 q" ^4 D) o( F; T" M
5 J1 x. s4 z, qTheir 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.2 s1 R6 P0 v9 Q0 t2 n0 y
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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.
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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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0 V. z- C& @+ r4 n- r, h"It would be nice to have more space and to have another bathroom," she says." d9 A% n! O' @
. }9 P0 W& Z; f! G"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."
0 q1 H% l8 Y; Q+ x9 G3 |6 E& a© The Edmonton Journal 2007 |
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