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Creative Solutions: How'd they do it?
: F8 W' ^* ]% vNothing says home like the living room couch
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" V6 d, O2 e) k) a* wAlexandra Zabjek
5 I/ Q% \6 L6 C& t& Q. lThe Edmonton Journal
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Sunday, May 20, 2007, O6 p+ I- N! j4 R. m% N6 }
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0 y- L& _% U* N* L; ^9 g fStudent 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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* t6 \3 U @% d- p' T; `3 eAt Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.
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5 y8 p0 G3 V* f+ y& G0 v! ~# y# OLi 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.# C6 Z X' K x w& \' e
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"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."
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! W' \9 Z# r2 i& h% z+ j: ?8 d! LAfter spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.
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Sharing a one-bedroom apartment is a common arrangement amongst Chinese students studying in Edmonton, says Li, who has been living in Canada for the past seven years. It's a big change for many of these students, he says.
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. k/ J. d6 a3 @% G& v"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."! P7 f+ K+ X8 J5 ]& N1 E' X6 V- C
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Splitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.
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8 V0 Q8 ^/ a- K4 C- j' X2 B"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.5 n2 Y5 z/ s% q; X6 ~% r
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SOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE
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* X! C6 l6 Y4 m# OWhen Caitlin Crawshaw and her girlfriend bought a bungalow in Bonnie Doon last summer, it wasn't just the location that sold them on the 1950s era house. It was also the basement suite.0 X0 ]; n% E. d9 {2 l/ ]$ n9 x
; B' l. b" R0 A3 I# u. S$ y, \) _"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."& f- a5 ]% y/ h7 Y$ A$ b, ?" ^
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Their tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.
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The arrangement has worked out well, especially because the tenant was already living in the house when they moved in and has proved to be a "fantabulous" tenant who often spends time gardening in the yard or raking leaves, says Crawshaw, 25.# y- i- b4 ~$ [) U; q7 g$ k
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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.
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"It would be nice to have more space and to have another bathroom," she says.% `- [* _' C2 ]% t4 q6 `
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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."
" h7 L, k, c; a' ]© The Edmonton Journal 2007 |
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