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Creative Solutions: How'd they do it?3 ` N4 N( ? e/ o7 `
Nothing says home like the living room couch1 g6 _& o& L/ X
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Alexandra Zabjek
- u( O4 t, o" C! \& ]The Edmonton Journal
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& L+ s1 |/ [" }4 S% y3 m' qSunday, May 20, 2007 b* r* n0 | I8 K( ~
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5 n( S% B! L; q5 X8 _2 ]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.7 ^5 p0 I u0 Z# `+ D- G
9 z; A8 J% J* W7 p' {, x! G" R$ wAt Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.5 E7 q# W4 }3 u/ m( J# ]( U
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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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5 P6 n0 S3 G/ n2 l"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."
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After spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.0 Z3 N7 Q: X% a2 [
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Sharing a one-bedroom apartment is a common arrangement amongst Chinese students studying in Edmonton, says Li, who has been living in Canada for the past seven years. It's a big change for many of these students, he says.
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& [$ A( G$ _$ j. b, s"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."" d' R. J2 y8 d1 o$ `. Q
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Splitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.+ x, V1 V& W& V' f0 ~. Y- K
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"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.. q7 V* q& _. s: f6 `. _3 T, A4 }# y
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SOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE
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* [5 l/ j: {* b- [: c' Y( i9 UWhen 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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7 y1 h/ }1 M, P& J"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."- p" t [+ C6 u
! r J% q% \( W0 jTheir 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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4 C# l# H4 o& J# k/ F6 ]* LThe 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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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."& k0 T- y* J' h; x9 r2 _
© The Edmonton Journal 2007 |
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