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Creative Solutions: How'd they do it?$ J" {& X" [, Q5 @ t
Nothing says home like the living room couch
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Alexandra Zabjek8 N$ N5 q0 ?0 z. j4 f
The Edmonton Journal
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Sunday, May 20, 20072 G( F; v' ~7 k8 ^3 w
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/ }: M! o8 T$ Q" T, c: @: @% v8 p, qStudent 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.4 J" ?) L$ g- l# |% s
: F5 D; ?% ~, z+ ]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 $275 per month to put his bed in the living room.* M+ D$ @' z$ R9 s% T
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"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."
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7 H- G( [* `- K4 bAfter spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.
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" n- G7 ~& J" N# w5 D% TSharing a one-bedroom apartment is a common arrangement amongst Chinese students studying in Edmonton, says Li, who has been living in Canada for the past seven years. It's a big change for many of these students, he says., J0 T4 F0 h6 P: _; f
m0 S! c( b8 D* S+ N+ f- y |4 s' M"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."
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Splitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.( d' ]0 k' W3 D2 X" w( r
2 U# h6 l& D; H6 h8 ?. H"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.
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SOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE" c. l. P& {2 T V
3 v$ u# d6 s1 K) @1 KWhen 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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/ l& j' }1 i3 G"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."9 ~ r. x, s$ e: M- S: W4 V
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Their tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.
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6 z h: H7 m& n: S U) ~+ YThe arrangement has worked out well, especially because the tenant was already living in the house when they moved in and has proved to be a "fantabulous" tenant who often spends time gardening in the yard or raking leaves, says Crawshaw, 25.
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$ P% t q/ D% t+ |" h8 R! rThe 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.3 d/ x( l" v" B9 P: A$ M1 e# A
/ W6 i# s u" {4 y- \"It would be nice to have more space and to have another bathroom," she says.0 b$ @7 X8 d' l! _0 Y" E4 g2 E1 _
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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.": `# r; h4 Q) ^% {; }
© The Edmonton Journal 2007 |
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