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Creative Solutions: How'd they do it?
* G0 J" X! f& TNothing says home like the living room couch1 s( z0 }% h3 U. l# S+ F2 Y' q/ _" U
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Alexandra Zabjek- l. D- |9 y3 D) p6 F6 i v
The Edmonton Journal
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8 X# N% H- w: \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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4 D& F5 u: G) Y9 K( n% K/ D- JAt Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.( i3 O8 \; r0 B
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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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"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well.". B% z( B, V# M! c$ S1 l; s5 h% ^$ ?; o
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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., H8 m0 {( t. I- v
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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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* u0 J* q' R/ F! d B7 w+ a v5 \"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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, n- Z. B% Y# n7 S* `Splitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.: D( B$ z1 b5 Z9 l1 E
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"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.- `2 @ `9 `3 ~2 ?
4 b* u; T+ H' ISOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE$ K0 g8 o$ J3 N4 ^/ ^4 k
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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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4 p1 W" ^ B5 c' r$ P( w- u"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.' N9 e' K! K. _) S6 h& T1 d
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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." n( w1 m% K. {+ D) @% y) R
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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.
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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."
- K& m' T) I5 p4 D1 k1 X& S1 c, c© The Edmonton Journal 2007 |
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