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Creative Solutions: How'd they do it?
, |) M9 z5 R3 y$ h) b% o c, h& ZNothing says home like the living room couch
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Alexandra Zabjek$ P# y0 ]7 Z6 ?9 Z( O
The Edmonton Journal
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% S- }2 v; f+ w7 pSunday, May 20, 2007
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! E* S8 R+ X! l' r( QStudent 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.: B: T- Y0 M- ?4 {9 _. f4 [
4 z8 I4 L( a; a0 k/ U' G7 tAt Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick./ {/ w* T9 u9 R _# W. ? s" V7 T
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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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"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."
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After spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.
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Sharing a one-bedroom apartment is a common arrangement amongst Chinese students studying in Edmonton, says Li, who has been living in Canada for the past seven years. It's a big change for many of these students, he says.
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"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."+ D6 r+ l9 \' w5 d' [1 Z# ?/ l
" a" G8 f. H0 R/ k/ [% zSplitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.0 h+ S5 i. {" c5 k
* O0 [* x) Q2 f0 o"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says." W) m7 }5 n0 f8 O( B
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SOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE" Y! D+ k& y$ k6 @7 C
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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.# c3 v+ N: Q ^* M, n/ n: R( G$ z
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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."' }5 [- M7 y4 x1 ~$ i9 N
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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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"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."
/ O0 N- n/ p1 c/ b+ y© The Edmonton Journal 2007 |
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