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Creative Solutions: How'd they do it?$ v% S8 C( d% C' n$ d! m( m$ N
Nothing says home like the living room couch2 I& }1 z: `* b7 F3 u0 g
' X$ C/ b7 W$ vAlexandra Zabjek& S1 L& s9 C& `7 U
The Edmonton Journal3 w/ y8 I) t r. A8 o' b* ?4 F
7 y1 s e/ P+ \5 ^" s8 ySunday, May 20, 2007- p" h5 z9 C, _4 |: R
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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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/ I2 a% t |* r( Y8 O, ^' ^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.. S# C, Y0 p ]/ R
5 y0 i& c3 `6 z"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."
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After spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.
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- w& {9 Y" A9 G3 `2 n+ U y& tSharing a one-bedroom apartment is a common arrangement amongst Chinese students studying in Edmonton, says Li, who has been living in Canada for the past seven years. It's a big change for many of these students, he says.
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# B+ h% E. C- l: q2 y$ Z"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."& {. [3 |. T' Y* `' t/ r* w, o6 }
9 |, W4 I+ A+ PSplitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.2 z+ ?4 q/ p, z1 `2 M1 Y
$ l. P! }. a. P- I2 A"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says. A( s: H$ p$ @# }
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SOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE2 j) s0 ~7 I9 v% Z! G h
. O2 ?, b5 C O! e% JWhen 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 y, [# A2 o. |- w! r' ]" v6 H* v"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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& c/ A; L7 ]9 ]# Y5 x6 uTheir 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.5 y. z! H+ e3 Y0 A
$ U/ P) M- k/ S( rThe 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.8 |) @0 V' g) [! b/ J) D7 d
5 d/ e- @2 s' T; n7 g; M/ p"It would be nice to have more space and to have another bathroom," she says.6 F7 L4 m7 ~1 d! B- A% P" T3 p! i
2 d4 b$ Q/ X- h- ]: M: @: i"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."
) o7 E% ^" r" d7 S& K© The Edmonton Journal 2007 |
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