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Creative Solutions: How'd they do it?
7 l- M7 a) `: a% DNothing says home like the living room couch$ e8 J/ u+ o. B# T7 n, K$ e
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Alexandra Zabjek4 [$ f% X- v5 S/ F' p3 o, s( x5 k
The Edmonton Journal- K L. V3 G4 U" K
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Sunday, May 20, 2007
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5 ^* D: z* b: S! g+ A; B6 v# lStudent 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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5 J6 @: ?) L6 f0 UAt 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.
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"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well.", M2 }+ a1 r, h0 u5 V1 U( S
9 ^2 b" p+ V% I5 qAfter spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.; x! h6 ]9 e+ t
. F4 O- Q" \* c3 b9 a6 N5 F5 SSharing a one-bedroom apartment is a common arrangement amongst Chinese students studying in Edmonton, says Li, who has been living in Canada for the past seven years. It's a big change for many of these students, he says.) {7 s( y% ~; G e( u) ?; ?+ ]
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"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."
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Splitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.
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"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.
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$ M! o: z, `% o& f* \/ {SOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE) C3 N+ l0 m% B! q! g t
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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.6 ^$ A* w$ ?* A
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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."! p ]+ J F, q- l; a
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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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The 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.; V7 L- j' D8 r1 l
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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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"It would be nice to have more space and to have another bathroom," she says.9 f8 {5 r: k+ ?5 Z! P
- i5 n2 d3 h/ T5 C ?7 O) d) q( ^3 O"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."
`2 N7 q V. y; K. @© The Edmonton Journal 2007 |
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