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Creative Solutions: How'd they do it?1 p+ w3 I/ ^7 C* L! Q
Nothing says home like the living room couch/ i( e5 k3 Q8 Y, N
) v4 g: p, t/ l1 MAlexandra Zabjek
, i J) V* s6 f2 S5 H9 fThe Edmonton Journal) \; E: i2 I3 J1 M: _% u
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Sunday, May 20, 2007; a5 i ]& ?6 @* V4 U
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) C" k) m4 L0 l, w4 L2 lStudent 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.+ O* R! }# [+ L: o4 N0 e/ K' {
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At Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.2 P* i: u+ Z" }' d# X( ?8 L
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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.6 S" ^1 ?/ D5 V) l; V. w# ^
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"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."# \+ D- P* M2 N# e0 t+ p
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After spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom., d; ?: t+ Q* X! W$ C0 g; s
3 H- @: {) R; H: o. V' {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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"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."% p) Q5 K& a( \9 i! Q
`' s" H9 q, M3 @Splitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets./ H0 R$ F1 W* W# o0 i
e( R% B% M9 C; K, H* m9 f"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 MORTGAGE
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! L a) I& E) {5 P, E1 E% c0 nWhen 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.2 B! P8 e+ ]) u, c2 V* r/ X
5 g& V) m( U. d. t. T"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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0 P# \9 c0 A# M" E( R9 OTheir tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.
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The arrangement has worked out well, especially because the tenant was already living in the house when they moved in and has proved to be a "fantabulous" tenant who often spends time gardening in the yard or raking leaves, says Crawshaw, 25.
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/ e7 O+ W: \& _$ o" v eThe 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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5 c/ K& o% g; Y: f# N: W"It would be nice to have more space and to have another bathroom," she says.5 ?" V$ a! r5 m; `, r
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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 a. |4 p1 _" ~5 m* k© The Edmonton Journal 2007 |
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