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Creative Solutions: How'd they do it?! z5 c8 r8 v1 P; y X2 K* P
Nothing says home like the living room couch; q9 X1 R. W+ Q. E$ S) S; f& H" S
6 [8 g$ t, s6 H5 r7 t& GAlexandra Zabjek- }9 S& Q, @& A3 f
The Edmonton Journal2 A7 c- m5 ]+ R7 O8 h/ u! |5 |
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Sunday, May 20, 2007+ G- S) t+ j0 ^- d$ Q5 k) p$ U: d
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+ Y3 O$ g. p4 ~5 E8 a3 fStudent 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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9 v; p4 J6 y# U3 i% X$ s$ ~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., C9 ^' V7 J3 T& K9 O) P
: C a% n( p6 e' \# l( }"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."
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After spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.; _7 {/ _% H* h" k( h4 h
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Sharing a one-bedroom apartment is a common arrangement amongst Chinese students studying in Edmonton, says Li, who has been living in Canada for the past seven years. It's a big change for many of these students, he says.
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"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."
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t( Z y# w! G4 _. r. k3 uSplitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.
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"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.5 s1 Y5 Z4 U6 u% L! X$ q% N
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SOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE
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0 R+ C+ ]" O+ m/ x7 y4 v0 ]When 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."
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: v+ D4 f/ M4 `8 F: ~7 ]$ tTheir tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.' G+ r& S# q" S6 C9 Z
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The arrangement has worked out well, especially because the tenant was already living in the house when they moved in and has proved to be a "fantabulous" tenant who often spends time gardening in the yard or raking leaves, says Crawshaw, 25.0 {0 X9 o6 D+ z3 {1 U
; ]4 v$ c' m6 LThe 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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7 H* B- O' H0 I5 `"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."! V1 D6 d; n8 R: M
© The Edmonton Journal 2007 |
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