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Creative Solutions: How'd they do it?
6 |8 Y( J0 u6 c8 J7 hNothing says home like the living room couch& h! o5 W4 i% q3 O# e/ P/ p' H# Y
; u9 q& O0 w# P5 \ n! |/ fAlexandra Zabjek, p1 B# C* b, w9 s7 d6 i
The Edmonton Journal5 E4 R5 ^4 {. Y# C
5 g- L8 N, Z5 J; |& Y' k8 \; v6 K1 TSunday, May 20, 2007
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( _1 h# \6 }: ]6 D: w8 MStudent 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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0 |( G$ K, k% |4 k7 J; w7 HLi 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., _/ `0 T; c% @. r5 i6 e
. x. ?8 m+ q# C7 ]5 H. Z0 Y W- P"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."
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6 P/ x$ |- p' h/ b$ i6 h: M4 x! uAfter 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.
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0 M+ x- o2 R* z& D# P"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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Splitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets., e8 p4 x# _) H- J3 t6 U3 d
0 Z w c, j3 Y, l( w"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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5 F: C+ N% {. T' \) l( FWhen 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." K+ r( W8 A2 Y$ D# u& c1 w: c
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Their tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.
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5 U/ @( C9 D6 j3 l$ FThe 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.( v+ y( c/ Q& h/ n6 `; {0 {- |
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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." Y" @$ |7 ^7 F; L/ m4 }6 B
( W5 H a$ V& @( ^0 }"It would be nice to have more space and to have another bathroom," she says.
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4 V% A* b+ l" P"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 ]8 `& D5 _2 V9 O© The Edmonton Journal 2007 |
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