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Creative Solutions: How'd they do it?
5 j' q) a' v& pNothing says home like the living room couch
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4 z& b% R' \- nAlexandra Zabjek
5 l' \( E- U$ `% {& q) x; ]The Edmonton Journal
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5 \+ f6 b; G9 C( n, B: eSunday, May 20, 2007. e5 F3 n# A. A" ?! w1 o, ~, P
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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 U: q% k& H* p" C; f! ^+ B7 R
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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 $275 per month to put his bed in the living room.4 r; I' }$ V x7 S5 x$ u
+ T0 C7 o/ N" j7 u# r7 {+ q2 i"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well.": D1 S3 H% j: F9 Z, [0 Q
3 q# T+ _ A q% a& yAfter spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.4 i) Z+ C" r5 I# Y1 m6 ~8 j$ _
. l- z. I# \5 J" P8 G- zSharing 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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3 y8 q ~; V/ k/ `( \3 K& i- N# r"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. `! j; K! e3 Z/ I' K
1 n, s+ |) M+ @2 W- P& lSOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE
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2 p& A# o$ W' `1 A A/ W' oWhen 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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+ @2 }5 L2 W _& g& d! }4 ^5 e* ~4 o"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."3 _) p0 H% N/ S3 O6 B
, q- U5 T% E3 TTheir tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.) p& `8 ^! Z8 n
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The arrangement has worked out well, especially because the tenant was already living in the house when they moved in and has proved to be a "fantabulous" tenant who often spends time gardening in the yard or raking leaves, says Crawshaw, 25.; Q" W$ m5 l( @3 d/ z7 b9 o& l# _
0 w8 P1 H, |% g: b; @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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"It would be nice to have more space and to have another bathroom," she says.! ?$ W" T* M* b! z* V* l
: ~1 a9 E5 T% w6 z"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."7 G! G) G* K, n: u5 ], Y/ B
© The Edmonton Journal 2007 |
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