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Creative Solutions: How'd they do it?
$ [- p" k3 I* @9 t# z4 i- Y- w( SNothing says home like the living room couch
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Alexandra Zabjek8 G5 l& b: L0 ]& O z0 o
The Edmonton Journal* _& J- D2 f4 M E) v
6 r. Y/ g4 d) X+ Y4 P/ Q* fSunday, 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.
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0 L4 h j1 e) \- a2 y5 VAt Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.. M4 v$ W9 e# N D# N
/ Q; H' G9 T. p. {) lLi 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.0 [8 {- f7 U- G" ` l. r3 s( ~
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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.3 F0 e+ q; F. N0 i3 _( O& y' ?* m
4 Z. e1 K" E+ d8 G"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big.": ]7 [3 ~4 Z3 d: f
. T0 d# }9 {7 f. lSplitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets. F- v7 H' g/ F
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"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.. q4 s% y! L7 z) s' l' n+ m
/ c/ H/ n' \. o1 BSOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE, {1 I+ v7 Z: a2 c0 g
) F5 T7 j7 e! M+ 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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! R- ~5 g( P" F2 G1 ]% |: l W"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."0 R- e0 I1 ?9 d. {1 E8 c) }
* Q( l5 y# u3 e! y1 v0 MTheir tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.* _$ y, @6 v, i& A- q
) o# O7 }( { w8 MThe 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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5 k; y2 n! t6 u# n5 g, N* U' L"It would be nice to have more space and to have another bathroom," she says.
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1 _3 S: f5 c6 y% Q0 J5 Q& ~% @"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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