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Creative Solutions: How'd they do it?0 j S: L K( L6 q) v
Nothing says home like the living room couch
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( C* w" b4 {. h5 h5 ?' S* EAlexandra Zabjek
+ c6 y9 h6 P1 n* {, I8 rThe Edmonton Journal( x. A9 e3 L$ K; O
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Sunday, May 20, 2007
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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.' F: m8 e: Z( D2 E
3 L1 b% N& R* {& OAt Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.' @ K5 b1 H; X3 {$ Z U
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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 $275 per month to put his bed in the living room.
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$ _6 e3 k! Y! t1 H"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."
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4 ?2 A6 V/ _! x* x" tAfter spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.: j' |$ h& s; n% ~
+ u' U3 k$ F' ~- B8 |) _! N! WSharing 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.8 c4 F$ F6 k1 u: `( n& Y) j* E
& l$ ^2 T3 o. G2 a"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."; @) q9 s$ g* A, B6 C- C7 S
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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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( }4 ]$ L4 A: A7 g- A"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says./ h; O5 r( Y1 {- x/ y7 N" B, P
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SOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE
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- z1 X6 @& T i- d. ]# lWhen 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.
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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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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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% W z7 d# {2 W% S/ p0 KThe 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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/ J8 `+ n3 x: x9 Q"It would be nice to have more space and to have another bathroom," she says.! D+ z) v/ G+ k" C
( ?8 T0 _5 G. Y, X5 u" r' ?"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.". o, y c( T* C0 j+ h: m3 @: D" v
© The Edmonton Journal 2007 |
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