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Creative Solutions: How'd they do it?$ n' j# {5 _$ M" D; l% c+ r6 d% I( b
Nothing says home like the living room couch
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) u, i6 @! | _% N& V" s+ JAlexandra Zabjek
# W! q2 w) ^) y& ~* ]The Edmonton Journal
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Sunday, 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.2 E: E) a: U% V% ^6 S# w
+ x- w3 W6 b% q1 U; zAt Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.
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) g& s% x" m# ]8 dLi 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.# d: x. k, ]4 ?* v6 L" l
" d7 W3 L: _4 u1 ]"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."
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After spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.
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Sharing a one-bedroom apartment is a common arrangement amongst Chinese students studying in Edmonton, says Li, who has been living in Canada for the past seven years. It's a big change for many of these students, he says.
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: R" \8 K' R7 g% c! D2 L0 S"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."4 V P2 c! l1 A% }& C! k' E$ p9 c
+ o1 } y M% n, a5 |$ zSplitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.$ V; X$ t: K1 Q% V. m
7 l* L! |7 D$ l9 N+ Z"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.' [4 `$ \; a4 N; r F* ]
' M, Y# Q* x* H7 Z6 c# XSOMEONE 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.
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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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; Q" k7 W) \+ l5 V; U) m0 z. ^0 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, 25.4 y% P+ {9 k. R1 |3 U V
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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., X" E/ {' u; o; L2 N
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"It would be nice to have more space and to have another bathroom," she says. p- p7 b! ]+ R/ b
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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."
' ~4 N4 v2 ~: P, R, n9 |, [© The Edmonton Journal 2007 |
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