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Creative Solutions: How'd they do it?
) ]) k( U7 E; p0 @. J# H2 O% X, ONothing says home like the living room couch' o; q7 a: S+ T. X. D1 D
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Alexandra Zabjek. s4 A \, } S. y! q- t% W
The Edmonton Journal
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' C: U1 ]7 c' Z. Q1 z7 f0 gSunday, 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.. \+ A2 f9 g' d( L5 l* l$ {1 V
5 B) T! A/ A, N9 H8 S! X4 AAt Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.
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( e! t9 d0 E( ~+ cLi and Chadwick, both students, split the $600 rent almost evenly -- Li gets the bedroom for $325 per month, while Chadwick pays $275 per month to put his bed in the living room.: h) b0 i' X( ?8 g% _ Y/ _" j" _
4 j# e' ~6 ^, H5 e% A+ q- o$ n' k"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."# J' x/ m/ d% y) I
- S" o, R5 b8 h/ n* s U! pAfter spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.
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Sharing a one-bedroom apartment is a common arrangement amongst Chinese students studying in Edmonton, says Li, who has been living in Canada for the past seven years. It's a big change for many of these students, he says.1 J+ j6 Q5 T) J; B9 z% ~7 h
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"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."8 A3 e& ~+ p2 {$ ^
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Splitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.
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' P, a7 ?; W: T. w4 z7 Q"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 MORTGAGE2 c0 u3 C* m8 ?4 }
) b1 _5 `$ P( 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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, b( s) F/ {' C! h"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.4 M5 X l. G/ H3 ^& ]0 l; N
! d- C3 C" x/ z: N, _8 JThe 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.0 n3 h; l' _* m
7 v. @/ N; c1 y3 w1 k6 K"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."
( U9 C5 d2 _' r5 j& y© The Edmonton Journal 2007 |
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