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Creative Solutions: How'd they do it?9 C0 p% g: r" y* R, E# n, d+ |/ N
Nothing says home like the living room couch
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, F' D' c' X1 x( W+ t: UAlexandra Zabjek8 ?1 E" B0 p2 ~
The Edmonton Journal
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" ]) F: r+ b, @% j0 y& h1 `Sunday, May 20, 2007
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b, B' I# c$ [$ }" o6 \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.
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6 y" a x1 E5 M, p% \3 GAt Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.( i) I! S* ]- D P3 C5 n; Z
! P' y( T+ i. A8 _9 [8 P3 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.
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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.( m2 H0 M0 W5 ]1 {2 Z
8 r# y; v' W, ?- C, w. [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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" }' w& X+ k. u7 i7 ?"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."
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2 o \' u" v; hSplitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.# `* C; X2 ]8 z9 o+ ^: i6 C
5 n* ^: ^' y5 H2 @"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.
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SOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE9 `! Z! Y& Q- ^( N9 N
0 E9 Z" a" j1 t UWhen 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. U" u. Q5 k/ O2 ?
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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."+ s6 F4 ~0 U& d) M, ~9 ?, T
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Their tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.
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The arrangement has worked out well, especially because the tenant was already living in the house when they moved in and has proved to be a "fantabulous" tenant who often spends time gardening in the yard or raking leaves, says Crawshaw, 25.
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The downside, however, is the lack of space. The couple and their two cats share about 750-square-feet on the upper floor of the house.$ g u* k, j- G
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"It would be nice to have more space and to have another bathroom," she says.: I, N- _1 G$ F* E/ A+ ^4 `
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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.") w* J# f) K0 s4 H' {
© The Edmonton Journal 2007 |
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