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Creative Solutions: How'd they do it?
5 _& \. [' P( R8 J G. Q6 fNothing says home like the living room couch; o1 m# |$ O/ _+ N3 W$ ~5 t
* R# |+ u6 v3 F6 aAlexandra Zabjek
* M7 P, [% n' V; u7 W1 nThe Edmonton Journal
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Sunday, May 20, 2007/ k8 G+ }) ?+ g3 v$ o8 l. e
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: `! n4 W, n9 T6 C( l! [: w8 d& `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.: S! M! |8 n$ Y1 L- E
4 a8 K( @& R# b& x' ^& cAt Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.7 {1 B% n% N5 y
+ }& [0 T) N! m& _8 q, C$ \& KLi 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 $275 comes into the picture, it works out quite well."
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After spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.
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Sharing a one-bedroom apartment is a common arrangement amongst Chinese students studying in Edmonton, says Li, who has been living in Canada for the past seven years. It's a big change for many of these students, he says.0 I2 y; R6 i, r: p
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"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."4 ~: a" w8 a" z+ f: v
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Splitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.) X7 x2 {& G2 g
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"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.9 P4 f2 u$ L! O& ^* y: @
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SOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE
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: B6 g) p4 d A) r6 B% x3 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.. t, Q4 k* p, \
6 s _2 m: ?1 u7 V8 i1 Y6 a1 I( ["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.": h$ w* e$ A" L" J, G k
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Their tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.
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The arrangement has worked out well, especially because the tenant was already living in the house when they moved in and has proved to be a "fantabulous" tenant who often spends time gardening in the yard or raking leaves, says Crawshaw, 25.
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The downside, however, is the lack of space. The couple and their two cats share about 750-square-feet on the upper floor of the house.$ {5 p* q L# X! x. A6 J" i9 N; I: w
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"It would be nice to have more space and to have another bathroom," she says.6 p& T: g: q v8 P
& L3 _/ Z K* 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."
1 C$ S3 g y1 i& G6 e© The Edmonton Journal 2007 |
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