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Creative Solutions: How'd they do it?
% e4 [; a; P2 E3 n0 C# t; vNothing says home like the living room couch* ~( f5 ]" d/ G2 `* c; x
, S% h; k; Z9 f& \1 ]# dAlexandra Zabjek
: Q4 b9 ^2 U: a2 T. p- CThe Edmonton Journal
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% Q5 k& f2 u& Z$ m; ESunday, May 20, 2007
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% }. W) p" z. |+ U8 S8 [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.8 V7 Z2 b6 F' b
/ X2 j; S9 b! |+ ~"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."1 e6 Q u! |, {1 x
v& d& m. V! I/ d6 mAfter spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.
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+ X- E& U( V$ W( F8 t3 X2 C& M! xSharing 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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$ |7 m/ y- I4 @3 m: p: D"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."- r# J; T; @4 g: E/ |# b7 P7 l* g
2 w2 y# l/ `5 |+ c# @3 K3 z1 oSplitting 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." C$ c4 l8 i" a* S
; F6 r5 w1 _9 l. _8 G* ASOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE6 O+ m! ^; }; k5 Y) B
: F3 }" f7 M9 @6 @0 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.3 ~0 H0 j. D$ d' b8 `4 x
+ J; u3 _5 h4 c"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.+ n- d3 H9 |: { g- H7 Z2 F2 K
W) E+ G5 t Y' WThe 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.. H0 r! V' M1 @
6 Q2 [; g% w. I8 \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.
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+ D: {, |' M n; W% Z, v"It would be nice to have more space and to have another bathroom," she says.' W3 p. G" _7 [, W
# h' f/ H" N" [+ U( T9 o"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."
* q9 T& G8 {. F7 b© The Edmonton Journal 2007 |
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