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Creative Solutions: How'd they do it?
) A4 B! A7 v/ _3 t7 _2 s6 ZNothing says home like the living room couch
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( o/ V9 E6 ?! ]/ i0 k0 @Alexandra Zabjek
: X; a5 L; @. F- MThe Edmonton Journal$ a0 Q3 g/ T/ r# ?4 U
- `" a3 ~7 J! `2 _Sunday, May 20, 2007; E: w! r: V; L
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+ k; O% X/ \" d" ~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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% S) U, Q* ?5 o* q) @7 v/ F2 oAt Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.
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) I, R6 M% o2 o" h6 ?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.# N: v+ d9 J* n9 q
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"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."& r. L& I+ D( m
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After spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.$ y. @6 L$ y% v
4 Y8 R$ @/ [+ O: ZSharing 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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, k, T" M( G+ Q8 w0 D$ w"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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5 f& Q& ~$ a. d0 JSplitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.
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"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.
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" G+ }- v) X6 e& @! {6 s! E) ~SOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE
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0 z0 _. x8 ~! y4 f! _, n% R* eWhen 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.( e* R+ S# t4 `$ y3 }3 u
& v7 U4 Y i* l"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.": t; b/ P7 t1 Z, N1 G5 |
; E* G8 l- S; E6 C9 h8 i2 Q! zTheir tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.% W+ t% U7 q/ y
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The arrangement has worked out well, especially because the tenant was already living in the house when they moved in and has proved to be a "fantabulous" tenant who often spends time gardening in the yard or raking leaves, says Crawshaw, 25.8 i3 |0 y$ ?: I
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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.* k% r) e: w/ Y* J
/ L$ z/ s2 f* y" K1 r, z; |! n"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.") O5 I- ?3 d/ Q
© The Edmonton Journal 2007 |
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