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Creative Solutions: How'd they do it?6 { A$ U7 E: P! M& {
Nothing says home like the living room couch
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% D/ ?; r+ | a- t4 qAlexandra Zabjek
' V+ `5 ]4 k6 p; i2 kThe Edmonton Journal
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Sunday, May 20, 20077 _/ \4 z. b# N; t- j" k
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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.- o1 r, _# u9 i8 B/ {, A, j
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At Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.* |- @! g% O5 } Q
. N& Q3 c! V, P1 x8 {# ILi 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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1 B! ~- O0 D- E2 g9 @; y9 P- @"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."
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% N' ]0 M4 g! h1 fAfter spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.
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Sharing a one-bedroom apartment is a common arrangement amongst Chinese students studying in Edmonton, says Li, who has been living in Canada for the past seven years. It's a big change for many of these students, he says.
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" w0 u( \' H% L2 m, Z+ ]3 p"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."9 |7 o: @: f" T$ u) x# L6 O
. q! A1 Z0 {3 z+ @) ?: G) hSplitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.) j0 c0 O e! }' M, E$ E6 V9 U
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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
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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.6 n4 z, u' a$ i# w! E6 m- @7 p
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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."$ E; x, G0 P J2 v% U0 q
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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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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.
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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.( k! \. W9 L V/ d% K9 `! B
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"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."2 F5 h2 e! h4 ^7 |- F( h
© The Edmonton Journal 2007 |
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