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Creative Solutions: How'd they do it?
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Alexandra Zabjek4 k% D( W/ W) o, r
The Edmonton Journal. t( ^) J. g( X1 S7 l7 A
7 C7 o# z( i6 @3 |0 DSunday, 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.9 Z1 R& D, O, C7 i5 X; ~% u5 a; ^! B
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At Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick. G, k0 N- l0 ^* X! F
) s& d; S1 k+ F4 U% F. yLi 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 $275 comes into the picture, it works out quite well."
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$ ^) F$ r7 Y, P' fAfter 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.
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! L. b; d9 G+ ]+ U- Y4 g* u) d"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."% m3 Q( t3 v9 X$ y
+ J+ G/ Q; S) R' N2 Z' p v# uSplitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.. m$ Y1 i0 F& P- L% F: i
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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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# u: M5 S( e: ? j! sSOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE
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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.6 N8 H' r6 m' n
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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."7 L$ H2 Z( B5 ?) w4 \3 R9 N7 _2 e, _
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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.
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. q% {. n. ^8 d+ g: a! \7 t1 q# kThe 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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! A7 o" ^, @; H) o! z"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."
6 J% W' V3 {% l, f/ |© The Edmonton Journal 2007 |
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