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Creative Solutions: How'd they do it?* x4 A. k( a5 M$ i8 |/ {
Nothing says home like the living room couch. l- w0 O' [/ n# C; {8 g
; `8 r' Y& S1 Q8 \) P5 a- @7 KAlexandra Zabjek" ], h( Z4 l, U0 X1 a
The Edmonton Journal
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. N' x+ x; |, a- R* k, cSunday, May 20, 2007- w2 h7 w# K6 b& q# _& R' y; [# F
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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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At Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick./ a/ \' I z- V
% G' v" p3 N* @# J2 X% bLi 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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* @. y7 G7 R; y# q"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."- m/ s6 R# P2 k, x& U/ y
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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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" {1 w# s, G1 e% i& y; A, ]Sharing 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.& P% h6 E, |# v3 I5 g
. c( q; t2 N k6 `6 O* U"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."" T2 j# r* p1 ~) R+ ]
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Splitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.8 a; o' L2 r+ ^# ^1 S" @
9 O8 r9 E2 V" M# @1 U! o- c"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 MORTGAGE4 F6 Q8 k; v) Y' H
d% h0 w. N4 Y, I. q4 V: 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.9 l2 ~, Y- P; G* A
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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."
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Their tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.
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2 Q* r& C, r y! `! GThe arrangement has worked out well, especially because the tenant was already living in the house when they moved in and has proved to be a "fantabulous" tenant who often spends time gardening in the yard or raking leaves, says Crawshaw, 25.5 V$ L, Y) E& V% w
. R" S+ ]6 q) I- u4 R+ lThe 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.' ]& U+ A. N1 R H; D+ T/ o! ?
q& D% v: X" r$ b0 Y"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."
* Q7 T# o' K0 ^7 Y7 ~8 {© The Edmonton Journal 2007 |
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