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Creative Solutions: How'd they do it?9 t4 b% z( y/ b, Y- v7 E
Nothing says home like the living room couch+ }; T0 a& g; W9 M. R, Z% |% @# T
% \1 A" F5 G: T* q s3 cAlexandra Zabjek
. f- I. c& f6 b* FThe Edmonton Journal0 h9 ~. R/ s0 P! F0 V5 g& L
! K4 j+ Y% G4 v; M" K5 A3 OSunday, May 20, 2007) Z3 c L6 I( B$ H/ w
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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.+ A' C) L L% W
1 f1 \9 _5 m& s! K, ~: S. T# @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.# K2 z4 H- a) @3 ~
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"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."
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. l# t8 R: w# ^( sAfter spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.
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3 o( T4 b/ m$ x" k( Y! wSharing 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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" v, k, X" c" _0 g5 e"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."% W) B$ G ?* [$ h1 R, 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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% R1 t! Q# g, u: V' ^/ {"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.
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W5 _ p* p& N9 `SOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE9 O5 F& t2 ^ y: T0 h
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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.) V6 |) T6 y' G( t/ |9 E7 c i/ Y4 b
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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."
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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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! D. x0 v) O9 ^; j0 T% kThe 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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7 F3 o; `4 J' c9 z* U, cThe 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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: n! r, \# }! r* X8 ^. G"It would be nice to have more space and to have another bathroom," she says.2 a' ^1 ?: A0 q0 q3 C/ Y1 h4 d# z
$ w. O2 D1 L4 H, U1 O6 i/ c/ y: J"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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