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Creative Solutions: How'd they do it?
4 ]; ^: M% m: Q9 Z, C0 MNothing says home like the living room couch. b% C/ B6 m( |, f* o7 e2 l
1 e k* Z5 q( L4 R. m8 pAlexandra Zabjek, z9 |' f2 \7 _2 l0 ?; p1 ~- R9 T% x
The Edmonton Journal
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7 ]) d5 ^; L; d7 ?* F7 ~. _0 lSunday, May 20, 2007# Z# |$ E5 h2 J6 v$ l
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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.
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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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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 $275 comes into the picture, it works out quite well."; E1 p! g9 Z0 Q2 N. m+ m" x2 o3 X
+ t, [+ }3 J. |! D3 ]0 WAfter spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.6 [# n9 Y3 P; `
[* x0 h# q5 w1 VSharing a one-bedroom apartment is a common arrangement amongst Chinese students studying in Edmonton, says Li, who has been living in Canada for the past seven years. It's a big change for many of these students, he says.
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; I6 B( n" o- Q: u: ~"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."
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Splitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.0 x( O0 D2 z$ p4 t& \- h9 J
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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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; A. F8 o7 }! c: U: GSOMEONE 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.
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; H5 ?+ ~/ s! Y"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."+ X5 r5 ~2 d' }( ]6 x( U$ A( A( L
. U# w1 d# c U, VTheir tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.
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8 d+ _! b+ U8 V- T( ^0 oThe arrangement has worked out well, especially because the tenant was already living in the house when they moved in and has proved to be a "fantabulous" tenant who often spends time gardening in the yard or raking leaves, says Crawshaw, 25., F' {0 w1 m0 g o6 t( l& y
. v& F" H! `% h6 x7 `7 @7 RThe downside, however, is the lack of space. The couple and their two cats share about 750-square-feet on the upper floor of the house.7 [- D, h" k) t. T2 N
* b3 y: }& T' Q" J, K"It would be nice to have more space and to have another bathroom," she says.
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( F# X$ k9 @+ 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."
# ?! V7 b+ j3 z' r" X- M© The Edmonton Journal 2007 |
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