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Creative Solutions: How'd they do it?0 g' j- ~ s* ?0 M R& q
Nothing says home like the living room couch' S2 d1 r. H- W4 t+ _; g0 a! T
7 s6 f5 f: ]" e! f3 F+ n/ `- ~Alexandra Zabjek; o# T5 F8 Q, K* Y
The Edmonton Journal E, P1 j5 O5 d* Z) q$ U1 E
' k/ e, G+ Q4 E7 N% SSunday, May 20, 2007; p: b4 l" H" F! o, H9 _& h
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% |4 ?4 y3 K" I+ G. xStudent 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.: b$ x8 b# r7 S- h }
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At Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.3 Y! x) R! p* O( \) q" y; ~- ~
& S7 @% A+ M* H$ f ?4 x* V" H5 wLi 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.7 S& @2 ~7 G6 a5 o/ s
8 U F3 ^! ]! g3 K" u; Y4 [8 q4 n"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well.") W% ^# ?/ q7 G& l
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After spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.5 x3 J* P D3 h+ Y4 b W! ~
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Sharing a one-bedroom apartment is a common arrangement amongst Chinese students studying in Edmonton, says Li, who has been living in Canada for the past seven years. It's a big change for many of these students, he says.
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"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."1 _; Q. a& \' \5 @' r
' `. @; {; |. Y* T W# WSplitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.
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4 E) T" o) Q5 e2 L: ?"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.
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SOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE
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, u2 g. S3 }) f$ D/ x' z% 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.7 M3 ?& j* I, F- {9 L! a4 L& ]
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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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5 P X& W s) NTheir tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.+ E! B6 @- V1 @- k2 L6 n
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The arrangement has worked out well, especially because the tenant was already living in the house when they moved in and has proved to be a "fantabulous" tenant who often spends time gardening in the yard or raking leaves, says Crawshaw, 25.1 B/ O+ a* z1 R2 h) W
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The downside, however, is the lack of space. The couple and their two cats share about 750-square-feet on the upper floor of the house.
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$ u( ?6 y. ?1 D"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."
1 r1 j3 {9 }; N% g© The Edmonton Journal 2007 |
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