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Creative Solutions: How'd they do it?
# n, P. z" d, K4 B+ V4 g* INothing says home like the living room couch
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Alexandra Zabjek7 X u" v( {0 y$ \7 L
The Edmonton Journal
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Sunday, May 20, 2007
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3 t% j6 f5 i/ {3 |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.1 }) h- i$ N$ Q
9 Q1 K+ c V: \3 ?; |/ s6 B! SAt 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.
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4 y `" x8 i, ^# B( w1 J"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."8 x" ]# Y) n, q% u# }5 ]' h6 b
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After spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.0 @0 [2 ~7 F# U I. u! i, }
# k% I% s/ o- C- ySharing a one-bedroom apartment is a common arrangement amongst Chinese students studying in Edmonton, says Li, who has been living in Canada for the past seven years. It's a big change for many of these students, he says.1 |1 T- M V4 m/ a; B. P/ {
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"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."
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( L( B5 c, z7 O- R( A$ tSplitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.
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6 K) x; J* J; Y5 B) ^"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.8 T! K. c' q8 J
7 X" h& V# d& i3 T" g/ YSOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE. c7 Y6 W# J5 M
4 @4 M; J. G; [( ~+ r2 k i! eWhen 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.$ w+ ?7 d& N6 f" F: \2 L& \
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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."* o+ Z" B8 ^1 ^- g6 }' f
' J, ~& u% k% A6 zTheir tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.
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The arrangement has worked out well, especially because the tenant was already living in the house when they moved in and has proved to be a "fantabulous" tenant who often spends time gardening in the yard or raking leaves, says Crawshaw, 25.2 u, x( B/ `7 Y \5 _- A- g
% T7 M' ]- U' f; N: R3 C1 qThe downside, however, is the lack of space. The couple and their two cats share about 750-square-feet on the upper floor of the house.5 I& K& \* l7 ]1 T. |
% u6 A& P' |. R& b' z" o5 q/ s- j* ^"It would be nice to have more space and to have another bathroom," she says.
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"But it does work out quite well. I don't regret it. But I don't want to do it for more than five years -- I don't think that anyone does."6 g0 ^$ b8 n) {% A( W! d
© The Edmonton Journal 2007 |
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