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Creative Solutions: How'd they do it?5 L0 n* I9 {+ R7 w7 W A6 f
Nothing says home like the living room couch
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Alexandra Zabjek; u& C. M+ ?; I+ e7 _* W; W2 h
The Edmonton Journal$ p: ?2 z7 u& [# x
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Sunday, May 20, 2007, R/ c; |' Z, h. d" |6 \% s1 U
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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.
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At Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick., D0 ], \# n1 |
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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.4 v, W3 X5 b7 m7 L# ~6 I6 p V; Q
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"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."& F' u" S) k9 f" |' a* v
6 q4 `1 L4 u/ `6 f% Z# C/ {After spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.
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Sharing a one-bedroom apartment is a common arrangement amongst Chinese students studying in Edmonton, says Li, who has been living in Canada for the past seven years. It's a big change for many of these students, he says.
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"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."
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Splitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.
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. Z' s4 @( `( z+ ]) x, @4 l$ S"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says." M5 f+ ?: ^: a2 j( V i
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SOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE
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7 q+ Y* C0 W4 n3 V# vWhen 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.9 _1 A2 p* z) a6 }' {2 w# j
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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 $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.
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The arrangement has worked out well, especially because the tenant was already living in the house when they moved in and has proved to be a "fantabulous" tenant who often spends time gardening in the yard or raking leaves, says Crawshaw, 25.- E R6 h) M; u
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The downside, however, is the lack of space. The couple and their two cats share about 750-square-feet on the upper floor of the house.
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1 z. V2 _. b$ n* N: `"It would be nice to have more space and to have another bathroom," she says.# n; F) H9 @2 `# q% |2 K$ E$ L
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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."
9 ] \' O) A3 D3 E9 q5 D' i6 y6 U© The Edmonton Journal 2007 |
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