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Creative Solutions: How'd they do it?
4 ]! t9 m; p) c- t" J G2 q* e: qNothing says home like the living room couch
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Alexandra Zabjek+ q. o' \3 u8 Y; I+ q; m
The Edmonton Journal+ N2 H4 _. z0 J1 I
$ U( Q C, [2 P2 pSunday, May 20, 2007
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4 X% h% l6 [8 N# U1 v MStudent 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.
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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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8 R9 T7 T3 \# W* l: W"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."
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After spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.
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Sharing a one-bedroom apartment is a common arrangement amongst Chinese students studying in Edmonton, says Li, who has been living in Canada for the past seven years. It's a big change for many of these students, he says.3 S; ~" U! |0 K% u( c8 l) j
' }% m' y o, ?"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."0 X- Q* R, n# K) }% w. v7 `0 k) H
) E, h9 k, `2 h" d: z! l+ ISplitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.# v& `" S, }$ B- U" D" p' _- v
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"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says. \% ~2 x& [7 ?/ K3 `! D! ?1 G
2 v: ] r$ z2 n! ySOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE
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, S: K$ r6 S" M0 O# l) R; |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.* V l1 e5 B/ v. P" D# J' u+ R
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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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5 e! |, r9 {; a9 H0 L4 XTheir tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.1 F1 p8 M- l% a7 H, O" m
0 `/ U9 Y) e# A6 XThe arrangement has worked out well, especially because the tenant was already living in the house when they moved in and has proved to be a "fantabulous" tenant who often spends time gardening in the yard or raking leaves, says Crawshaw, 25.( q) J$ a4 _/ U( k5 i( q
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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.. Z0 D4 Z+ O& K0 _
; M( a% D/ L! K- _: g6 ["It would be nice to have more space and to have another bathroom," she says.9 H) y- p( ~5 Q) i1 C
& U9 M7 N4 a. O L% 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."
0 ]: A7 P. z0 u6 R1 Q© The Edmonton Journal 2007 |
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