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Creative Solutions: How'd they do it?6 F1 i9 L, f% ~! x" _9 o# S, g9 T
Nothing says home like the living room couch
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* v" v. V4 y. T, I! |7 XAlexandra Zabjek
% G x! Z# {& m( DThe Edmonton Journal$ B5 x- z3 C+ h
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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.
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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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6 J6 l# y( m2 `' K3 \& ]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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; d0 ~! Z/ v; D"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."7 U3 G: z7 u N+ h! `
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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.. n' U7 n6 a6 K3 ?/ u
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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."3 V; F/ L" R7 a: o+ @
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Splitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.
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4 E3 |1 S, b( n' S7 t0 I. } U"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.8 m7 |+ b# y% N( y/ h- s# W
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SOMEONE 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 $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.% x* D) ^/ ?- c5 r0 Z& {4 Z9 p, u
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The arrangement has worked out well, especially because the tenant was already living in the house when they moved in and has proved to be a "fantabulous" tenant who often spends time gardening in the yard or raking leaves, says Crawshaw, 25.
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' H& z8 Y! V! A6 F0 O" `/ l' x# AThe downside, however, is the lack of space. The couple and their two cats share about 750-square-feet on the upper floor of the house.2 D' @/ D# F$ C0 f* V9 K9 `# f9 a
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"It would be nice to have more space and to have another bathroom," she says.
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3 V* @9 x5 a- u. t# b"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."
9 Q$ O2 M& H: c+ U1 D, U© The Edmonton Journal 2007 |
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