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Creative Solutions: How'd they do it?! v% V+ l7 c6 M+ d: @" R" J( `
Nothing says home like the living room couch* f" f1 R! b p5 d7 k1 q9 F: d
( C- H3 A6 c* }5 X9 r9 g- j" [* sAlexandra Zabjek
3 @' T: T+ V% E. D2 `6 u3 y$ T- g+ kThe Edmonton Journal
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Sunday, May 20, 20078 s' v5 @% z) ?
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% y( L5 m0 j* O2 P1 T/ tStudent 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.
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}& V2 h/ j( d* E; a+ ] ~* cLi 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."
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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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4 ]6 o- O+ H# c"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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Splitting 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.
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SOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE4 o( n7 A! E0 j( j7 f
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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.2 }; W( D2 Q" C7 B
( L0 \* ?- F1 j6 l"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 $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.% r+ A3 j9 Q$ [/ v# ~
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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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2 s% K5 }5 z6 D( OThe 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.9 [5 m5 [" G! K$ y4 d, b5 e
( J. k7 m& y& L7 U1 D9 L"It would be nice to have more space and to have another bathroom," she says.: Q# B- d! F2 l9 D
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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."
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