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Creative Solutions: How'd they do it?1 R8 C# W' h0 V4 \; U- U: r
Nothing says home like the living room couch
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0 ]7 x% w" D, S; X, fAlexandra Zabjek) [( A$ Q9 A& A: n4 Y
The Edmonton Journal, e9 h4 P7 q0 y- Q
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Sunday, May 20, 2007: Z( }! j( {1 |' `
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" _+ A* b* ^; G. t- s+ nStudent 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.# h& q) }4 U' T0 }% z
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At Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick., H+ B6 J9 {/ ], A& q& B" H
6 [) i/ F9 ~, k ^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 $275 comes into the picture, it works out quite well."
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After spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.9 c, V1 C! J3 G; A% S$ r- \( o
" |5 ~. N% O; L9 h; Z- eSharing 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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"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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- r3 D# T, k, I6 R& uSplitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.7 S) m) q1 I; y
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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' [3 _+ {4 o* B. |4 c2 W% C( V
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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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"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."9 F d- i0 U1 [5 ~1 t
7 R! L0 C `1 N; c) f( [3 vTheir tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.
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S& F" I' Q% w1 r, CThe arrangement has worked out well, especially because the tenant was already living in the house when they moved in and has proved to be a "fantabulous" tenant who often spends time gardening in the yard or raking leaves, says Crawshaw, 25.
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9 `# H. f$ Y2 Y$ \0 j( B$ a0 j# XThe 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.# E5 d2 x; w, U; ^* o
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"It would be nice to have more space and to have another bathroom," she says., _9 M0 y5 z1 {( f3 M3 f
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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."
: I- M2 U# J% N) j: a' A f4 X. Q© The Edmonton Journal 2007 |
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