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Creative Solutions: How'd they do it?$ ^3 e9 @! e3 {
Nothing says home like the living room couch! C7 T, a0 `6 M
. ^* {8 S0 u" lAlexandra Zabjek8 X' V1 b- c2 h* m# w9 q
The Edmonton Journal. V' _5 k8 n4 ^# w# X
2 V" c' n, ]; U2 w& P- `& T. G3 BSunday, 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.9 Q7 K3 X; S$ j- r, k$ T' l
2 T; F5 d0 p7 r0 a9 kAt Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.. g- L" u) w7 S% a* i4 \
* C- _, y8 f* p4 A9 C, N& h6 pLi 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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. ?4 K- O: q! A- O4 B1 t"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."
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b$ l3 {4 C9 `9 I6 SAfter 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."2 K- H! ^2 \9 @# P9 N5 C
8 O; z) \9 f8 I/ n6 @# g" v; jSplitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.
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" f0 C b; M) A$ e1 c# @, t"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.6 p3 G" K1 r* v: X+ p0 H8 Q
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SOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE+ U/ x* h8 o& m( C9 U3 E
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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.
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$ p) v n7 J Z" b% r"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."$ w' ?" l. X. ^
+ k O% q" j* n; NTheir tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.) _! u4 _$ q' h) ^
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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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* W8 d( F+ ]6 ^, {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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"It would be nice to have more space and to have another bathroom," she says.
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+ E$ i8 g; ~( p$ I8 {' Z! h! u9 ["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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