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Creative Solutions: How'd they do it?
$ r/ v' g- ~ T( MNothing says home like the living room couch7 D& }$ l. Y* C& w, j! @
( |7 `5 [+ m0 Q2 KAlexandra Zabjek
A5 f: F8 o& r. S) HThe Edmonton Journal
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Sunday, May 20, 2007. ?/ B) q3 J/ ~- r2 B
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/ `% r$ e9 Q% S! W# P4 c! H8 \' q( zStudent 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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5 }4 `- ^! p& T( ]8 s% uAt Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.
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* Z" W: u9 ]$ N3 Z1 P) ]6 d0 s+ yLi and Chadwick, both students, split the $600 rent almost evenly -- Li gets the bedroom for $325 per month, while Chadwick pays $275 per month to put his bed in the living room.
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$ ]- R8 |/ G( k! I" U# O"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."2 a1 ]! x5 L& p4 K3 W s! Q
# f9 B3 ~, S4 _7 {0 OAfter spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.
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) P# T( f3 [( |2 { kSharing a one-bedroom apartment is a common arrangement amongst Chinese students studying in Edmonton, says Li, who has been living in Canada for the past seven years. It's a big change for many of these students, he says.
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( u6 \2 a7 r- w$ r: |"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."( x6 `7 D' E- q
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Splitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.7 X8 v. `* j1 |* }+ Y0 }
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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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! ]6 n# U% \: i9 @4 j& z# m0 ZSOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE
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7 _" ^ m' ^2 v5 D( T, mWhen 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 $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.
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The arrangement has worked out well, especially because the tenant was already living in the house when they moved in and has proved to be a "fantabulous" tenant who often spends time gardening in the yard or raking leaves, says Crawshaw, 25.
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The downside, however, is the lack of space. The couple and their two cats share about 750-square-feet on the upper floor of the house.
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"It would be nice to have more space and to have another bathroom," she says.
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, Q% P# {+ d1 X$ j1 x7 h"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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