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Creative Solutions: How'd they do it?
9 T) T: M- y! P, QNothing says home like the living room couch
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Alexandra Zabjek0 f1 S; Q. _5 i) B
The Edmonton Journal
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8 ]& |+ v$ S- d$ r) ZSunday, May 20, 2007! S& i7 k1 F% T% U& x8 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.
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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.. p0 G+ s" @" i* M0 t
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"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."2 Y- B; \# Z. D/ O% A; a) q7 I/ c2 A6 q
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After spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.8 F" ?- Z, L6 C0 o3 ^( |8 r5 _
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Sharing a one-bedroom apartment is a common arrangement amongst Chinese students studying in Edmonton, says Li, who has been living in Canada for the past seven years. It's a big change for many of these students, he says.) [" k" Y. Y x" e$ v/ T; M- C4 C8 n
3 K8 _( f9 [" N"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."3 g% P9 p+ I6 w, s1 m h( D9 [# J, p
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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.! f; I& ]* `: T
/ t3 _: P- J1 ~SOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE3 y3 G$ b' w; n- y3 b
$ u4 A" j$ l; S$ L2 O1 _0 aWhen 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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# n% l4 D1 d3 K& b. n"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.
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/ m# b. }) B4 W, TThe 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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3 ^/ x, n& O2 ZThe 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.; r" {7 [2 K3 S+ i0 ~7 }& o
8 i% {3 b2 j. A( T( V0 T0 M"It would be nice to have more space and to have another bathroom," she says.
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* t! `2 D+ | m) \8 ]1 D"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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