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Creative Solutions: How'd they do it?
5 M4 E, S p" P3 w, `- gNothing says home like the living room couch) D. J% Z$ T6 x+ l7 ?7 p
Z4 Q/ g7 d0 Q% s, SAlexandra Zabjek/ u" u$ P5 F* h+ e+ B
The Edmonton Journal0 |2 \1 O! ~4 W
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Sunday, May 20, 2007; P% K8 I1 \, ~0 E/ k
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+ C6 o7 O4 L$ R/ W4 kStudent 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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6 C( o1 O' W2 K: cAt Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.
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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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"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."0 A! e! T& g+ n( n0 w
' w) N* |4 {- x2 ^; ~After spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.3 b3 a- K$ u2 S ~
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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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4 I& l+ n8 G6 |Splitting 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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SOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE7 t' a& B5 E- W: Z2 e( u: \
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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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/ F Y* S, e7 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."
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Their tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.- K5 z! E+ {0 J$ B" ?: u7 W
* @+ b: N/ t' [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.
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& M' k# [' `: [ e( v7 r- U+ {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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1 H( J$ t. i, Q! D7 a"It would be nice to have more space and to have another bathroom," she says.6 _( l% f* i# P
) I1 o' q/ \6 X"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."0 V, ?# o6 c# h: i, Y
© The Edmonton Journal 2007 |
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