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Creative Solutions: How'd they do it? O3 G/ X" s: G$ r0 M, x! ~
Nothing says home like the living room couch
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Alexandra Zabjek
* l2 B) h9 J* w2 I" z- k, FThe Edmonton Journal; T2 t' c ]/ O9 Y
( m* U* B$ J8 Y; A& E' ?/ XSunday, 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.* i9 w \% a* j& @6 y9 D
! [/ h F/ G1 E- N/ C7 MAt Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.
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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 $275 per month to put his bed in the living room.
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' d ^$ k& }: @"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."
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& ~# S7 X: x a- Z7 RAfter spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.8 H+ o% L* @2 b9 a* Z9 z
! l1 B( \# }" E2 T$ {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. b1 G2 B1 a, u9 O* K: O. H3 G
' F* R; @- ?4 B+ ^% Y' m$ s) w$ K+ u"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."3 N, q; }4 w- F. n/ L) w& V/ c
- K0 j( `6 h$ S3 v D- KSplitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.
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3 c9 ?) S3 f2 s"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.* e4 Z; e/ o+ x
$ y. e" p3 q. U) h( DSOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE
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( N9 w6 O0 P3 c3 bWhen 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 $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.
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The arrangement has worked out well, especially because the tenant was already living in the house when they moved in and has proved to be a "fantabulous" tenant who often spends time gardening in the yard or raking leaves, says Crawshaw, 25.6 R9 i# o) P$ i3 d* Y6 x n
6 o1 ]" [9 S# t# ~) xThe 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."3 e! D5 l% z+ [, r; z7 @( G
© The Edmonton Journal 2007 |
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