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Creative Solutions: How'd they do it?
* I" C0 Q; l* }* W: c) {" TNothing says home like the living room couch4 K5 I, L4 o( |0 D- C
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Alexandra Zabjek1 S( @% ]: b6 g& e
The Edmonton Journal
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Sunday, May 20, 2007" s; s; O; V' o6 X% y
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4 T& t& i4 P: rStudent 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.
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4 `, I4 k& f0 i+ KLi 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 N, Y- T* a6 _- V% q9 n, M
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"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."
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" ^% F- ^5 \5 s" B3 w( jAfter spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.
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& `4 _9 u" |+ U# _Sharing a one-bedroom apartment is a common arrangement amongst Chinese students studying in Edmonton, says Li, who has been living in Canada for the past seven years. It's a big change for many of these students, he says.
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* \: i1 I3 Y6 I5 ?7 G) P9 r"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big.". s- ~; U. O; t: E: Q
, e% m0 t* _# p# o* ]4 [2 D0 zSplitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.' d" o1 s! D8 }, T+ J2 |' S; T
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"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.
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; I" I9 V- o8 G; i3 pSOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE* g) _; ?; @$ u* O8 V6 k/ D
/ X, z0 M ^! {% iWhen 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."5 o* w: P* q7 K2 `; X
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Their tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.- ^+ C) t/ v+ u2 R1 I$ ]. e; s$ [
4 e% C7 G- H) u4 t. [. [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, 25.4 u! \! j; I$ Z! a
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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.1 o' M# l0 |5 C+ }( B) V
" R! p6 B5 u# D) p0 f" B' c* C"It would be nice to have more space and to have another bathroom," she says.6 l+ |* `8 ~$ h9 t
1 G) ?/ J9 i. `. z C! w% O"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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