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Creative Solutions: How'd they do it?
' A8 n& `8 a) J0 \1 b2 V/ }Nothing says home like the living room couch
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! ^+ C3 e7 k7 aAlexandra Zabjek
( l/ n# e1 K6 U( R, I9 xThe Edmonton Journal& C9 A; A& u$ Y3 L) j- P7 |
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Sunday, May 20, 2007
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7 O8 m6 _! b4 |* \) E2 RStudent 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. k; E1 W( x W j0 ~
: @# G- _3 j- M"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."
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After spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.
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8 B- p( q/ x+ F- e3 T6 M3 g2 GSharing a one-bedroom apartment is a common arrangement amongst Chinese students studying in Edmonton, says Li, who has been living in Canada for the past seven years. It's a big change for many of these students, he says.
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: t% x1 n% }4 X4 h"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."6 H" v" c' j/ e5 k9 B6 j
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Splitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.
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"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.
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SOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE
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Y; m+ F7 V4 S; a4 s0 ~( ?- o% [When Caitlin Crawshaw and her girlfriend bought a bungalow in Bonnie Doon last summer, it wasn't just the location that sold them on the 1950s era house. It was also the basement suite.! d9 @* t* L# N9 X) s T) ]1 D
) ^* o: W+ ~$ O- U6 d"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 $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.
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' C1 p$ V4 ]) ?6 N9 sThe 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.3 y: g+ g- F6 T R- h
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"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."
' y0 R# O9 l* T5 {$ g© The Edmonton Journal 2007 |
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