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Creative Solutions: How'd they do it?
% h# f D, `$ n- vNothing says home like the living room couch8 ?! ~8 v. M1 s. X$ X6 E
& Z& a' j. l4 x, S A k( J" P; bAlexandra Zabjek J& S& g7 `; t# O! {/ L' e9 B
The Edmonton Journal
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Sunday, May 20, 2007
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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.# n5 ]- q4 a4 V8 N3 ?
$ P: W& N4 q4 Q4 cAt Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.) y* F: [7 `! l- t9 R9 T# Y
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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 $275 per month to put his bed in the living room., ~! I$ i$ a+ ]& |
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"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."
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After spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.1 s+ v& x+ m4 e+ j5 D% Z& Z
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Sharing a one-bedroom apartment is a common arrangement amongst Chinese students studying in Edmonton, says Li, who has been living in Canada for the past seven years. It's a big change for many of these students, he says.
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2 x& Z. Y& C9 ?, U4 o( ?2 |3 v: `"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."
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Splitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.: R! I9 w# t( |. k
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"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.
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3 `$ ~7 j9 S& K# W- g+ [SOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE& N Y2 s+ d1 _. I5 v
2 f, m9 }. e9 oWhen 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."0 [" X8 `' }/ a, U/ D
- j1 b, s4 C! ]' sTheir 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 {4 z+ h2 f/ `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.) A2 c* P1 y, C- M; [5 n! a
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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.0 v1 c4 {) U E
% r8 a0 k5 G- ?! [/ [- r0 ~, V"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."
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