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Creative Solutions: How'd they do it?
" R4 V/ [6 ?8 oNothing says home like the living room couch
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" o6 ?( [. k6 t5 D, aAlexandra Zabjek
" t5 ^7 l. j0 H5 L* S: sThe Edmonton Journal
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Sunday, May 20, 2007+ M/ A6 D4 G+ r9 E
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* Y. f; O' Y4 Y9 `: Q! S1 gStudent 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.$ [. X' x( h+ e& d
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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.# ?% j# M) `/ l1 Y4 H
" _: g' b! i8 U% q+ N( ^/ U"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."
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After spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.$ g5 R1 J2 t1 q- g' R) b, U
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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./ J5 v$ y6 \8 h( w! w( r' Z
! S' j6 s) E/ {" h' r/ w9 l3 l" X"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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$ L; p8 |- Y, l+ {; T, }Splitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.* C* P, m4 F _% O
# }( Q2 Q7 t! P0 a# x2 `' W7 d"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.2 t( U0 j* g1 ]
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SOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE
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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./ _" N9 s* c, _- f' N- ]
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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 $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.
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( O4 W- z5 L. S3 P% jThe arrangement has worked out well, especially because the tenant was already living in the house when they moved in and has proved to be a "fantabulous" tenant who often spends time gardening in the yard or raking leaves, says Crawshaw, 25.
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. S( m7 `1 t+ }8 ~ C2 pThe downside, however, is the lack of space. The couple and their two cats share about 750-square-feet on the upper floor of the house., R9 @; [1 r. c0 }9 Q( |
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"It would be nice to have more space and to have another bathroom," she says." u/ |) ^( G! D% }) M# i/ d; n
* l; A# e( x W; C8 C" _( A"But it does work out quite well. I don't regret it. But I don't want to do it for more than five years -- I don't think that anyone does."5 ^2 }0 z$ t& j" B$ g$ K
© The Edmonton Journal 2007 |
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