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Creative Solutions: How'd they do it?
3 ~' e: n# X& T; n- P) }1 LNothing says home like the living room couch+ |: t$ T+ Y8 T5 z
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Alexandra Zabjek- Z; E) t0 B4 C; U
The Edmonton Journal+ A3 s0 @% j9 |. I! f% A" @( w
6 _+ O/ O+ N4 U. h9 qSunday, May 20, 2007" Q H' v9 M/ F9 f! O6 L: p! T
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: S4 w' ?& h5 w4 VStudent 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. C& y! m5 S ^' s
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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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Li and Chadwick, both students, split the $600 rent almost evenly -- Li gets the bedroom for $325 per month, while Chadwick pays $275 per month to put his bed in the living room.! c) r( j; A# M$ Y
9 u1 s' |) t, K+ }9 \+ L' _"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."4 F! E3 E+ ^2 q5 o
: ~6 G; u) p* x. t0 [8 r' zAfter spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.8 ^( p0 U6 A& @9 i. ?8 _* ~
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Sharing a one-bedroom apartment is a common arrangement amongst Chinese students studying in Edmonton, says Li, who has been living in Canada for the past seven years. It's a big change for many of these students, he says.
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"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."
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: G2 l% F, Z8 a& d8 `7 C) O) I; T/ nSplitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.* i" }: i! e5 b0 c$ ^
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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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! o) Z5 t, v+ _6 K1 Q$ hSOMEONE 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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"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."% s+ Z8 l* K0 |" h3 Z9 A
' y+ R2 S$ E% J: yTheir 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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4 m; {2 x5 A7 c* nThe 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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0 i! E1 ^8 U! F; S) _# P) wThe 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 j& l9 }* u; z* D/ W
: P0 }( X. t4 _"It would be nice to have more space and to have another bathroom," she says.
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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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