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Creative Solutions: How'd they do it?* T: }% Y8 B2 B3 J
Nothing says home like the living room couch4 L5 {6 t) `) u+ f e
6 s) u" F/ m8 N% h$ Q! ]Alexandra Zabjek
& o' ]" \' ?' z, \6 F2 B$ |* o' n0 RThe Edmonton Journal
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Sunday, May 20, 2007# `1 @5 g. t4 J8 {: M( y8 P
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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.0 m# d' f$ j% v4 Y1 ` Z
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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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1 X2 v' i/ k) i; ALi 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.4 d7 V0 g, V1 x# [* m- B/ ?
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"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."' u) e% l+ `- M; L* w5 m/ r( o% V
7 U: ?- o( \: x, l c, CAfter spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.
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" M, l8 B, m+ T: k" qSharing a one-bedroom apartment is a common arrangement amongst Chinese students studying in Edmonton, says Li, who has been living in Canada for the past seven years. It's a big change for many of these students, he says.
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"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."
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Splitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.
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"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.! [- ^( h$ f0 a$ a
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SOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE7 d+ C+ Q. c* i' @+ K
) R+ i# Y1 S5 i# JWhen 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.4 q! m4 D; ?+ b) i8 q
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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."2 n+ d. i) K# S$ p8 D9 d2 F0 {
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Their tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.
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+ y$ f4 c- N7 S5 q7 \* L3 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, 25.9 z. ~6 G* d# Z. a' A
2 ?0 ~8 Q1 [: t6 ^- i3 l; K, ^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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5 F% k' j4 X. x9 Z3 C7 S"It would be nice to have more space and to have another bathroom," she says., R- A* G7 d# g
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"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."
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