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Creative Solutions: How'd they do it?
; i6 U2 i! o S( T+ z2 ` aNothing says home like the living room couch
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: U1 t/ X5 n* H" |% qAlexandra Zabjek
$ a4 a( i* P2 q) p, LThe Edmonton Journal3 ?) V* F4 v, l( l- q/ l( m) B, t
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Sunday, May 20, 2007. E+ }: Z4 Y4 }1 o
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8 b( S6 B, @+ P3 }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.3 S9 G; T3 A& ^2 k, X0 S+ |
! g3 M! S# h& zLi 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 $275 comes into the picture, it works out quite well."4 {& ?2 E% v5 M( Y1 E2 K( Z
F' g1 N5 B8 [# Y# p5 {0 V gAfter spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.5 `$ V& }* U9 R" |+ ~
+ Y5 k* C- F! l% k2 e6 HSharing 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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6 g0 @) w! B( D) T: y/ _! {"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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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./ L1 L% v" ]7 V( o0 |
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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 $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.
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) `& d" \ J) Y# N( eThe arrangement has worked out well, especially because the tenant was already living in the house when they moved in and has proved to be a "fantabulous" tenant who often spends time gardening in the yard or raking leaves, says Crawshaw, 25.
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7 u3 s1 P3 c5 Y$ b$ tThe 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.) y, m" \, S' V* d1 \3 l( q
: c* t+ s2 v# l( l% B) K# e"It would be nice to have more space and to have another bathroom," she says.% a) v3 F q7 Y" k# c6 X; L
' @) M5 F; n- d z0 c"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."! V* n) j8 w* P# f! |8 H2 L1 {
© The Edmonton Journal 2007 |
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