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Creative Solutions: How'd they do it?/ e! p) @! k3 A/ J) {+ Q
Nothing says home like the living room couch
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- ], m$ D# f( u! m& T' ]* JAlexandra Zabjek' Z9 w7 M; S W6 E p: L
The Edmonton Journal% X; t, Z, S/ l3 L4 Z
" I% T; Y7 s, R6 N$ l. ]: C6 KSunday, May 20, 2007! [, }+ B+ C1 ~; H
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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.+ ]5 a0 j* |- O* r: m7 x
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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., C, k* ?7 K/ e6 @& Z
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"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."
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After spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.
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Sharing a one-bedroom apartment is a common arrangement amongst Chinese students studying in Edmonton, says Li, who has been living in Canada for the past seven years. It's a big change for many of these students, he says.
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( w- G7 z6 o# w5 J# \/ \"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big.") ]. w# B) T4 t+ C/ Z8 ]2 x8 u$ k
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Splitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.: y5 M; i u3 i) B+ J! B" N% l* |, R
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"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.
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. J" r5 |( _7 [SOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE
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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.% `. a5 u$ E" \4 L; S/ w
7 w l$ |9 z+ v$ u4 B"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 $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.* {8 N8 {, a- K* h
# H. l3 W/ e8 h' |+ |' q; e9 QThe arrangement has worked out well, especially because the tenant was already living in the house when they moved in and has proved to be a "fantabulous" tenant who often spends time gardening in the yard or raking leaves, says Crawshaw, 25.7 r$ K' c" z* E! j$ [! X- Y
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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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"It would be nice to have more space and to have another bathroom," she says.
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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.": s6 c5 L: f: r1 ]: z5 J
© The Edmonton Journal 2007 |
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