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Creative Solutions: How'd they do it?/ f4 W8 ^; n& f) f
Nothing says home like the living room couch. U* m# e, x2 \, E/ y5 [3 W3 k
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Alexandra Zabjek- X: s1 Z$ c1 U4 _
The Edmonton Journal
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4 J; W5 l2 ~) }0 x: USunday, May 20, 2007
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/ V0 h3 W0 z' z% 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./ M1 z" L9 w; J$ y' L7 L
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At Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.! o9 ]" ^; f$ b9 E% z: x
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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 $275 comes into the picture, it works out quite well."
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" P$ g, w7 c& J8 |5 YAfter spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.5 _ @+ R0 @9 k
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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.# Z& f: n8 H2 y* v; l l
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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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Splitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.' m" E: x; q$ h$ T" p4 l6 a- c( j
1 ]' P7 V) L2 M" d; A$ `, U"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.
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7 s+ h; e9 x4 F3 ^- X l/ GSOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE
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! x3 r: ~0 p i/ k. a6 zWhen 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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( R0 B) w& j* u4 G& f6 j; j"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."4 M% p% }/ `: _3 }
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Their tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.; q I0 A9 s# i) H; ^! {! y3 X' l
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The arrangement has worked out well, especially because the tenant was already living in the house when they moved in and has proved to be a "fantabulous" tenant who often spends time gardening in the yard or raking leaves, says Crawshaw, 25.4 k- K- o$ x Z# h
: Y- ?( o; d* t5 o7 P* pThe 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.6 i- ^0 P9 d* D3 |) b9 B
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"It would be nice to have more space and to have another bathroom," she says.
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* F+ a4 K8 i' {6 \- X* W& T"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."
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