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Creative Solutions: How'd they do it?$ b; i; D5 D0 R$ _6 n6 d- q
Nothing says home like the living room couch
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Alexandra Zabjek% b! d R+ X( s1 @& _0 B& r: j/ |
The Edmonton Journal
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Sunday, May 20, 2007
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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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* Y$ Y" @% G1 |0 s' _) Y% VAt Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.
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9 Q2 |5 ]7 W. a8 QLi 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.5 t; \' E! h& E& ]
, x4 f6 Y) e( V! i1 X"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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+ C) c! [1 {9 H" \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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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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"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."+ m% Q, U/ n! P- @" \+ ~
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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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" B2 N6 S6 Q" F2 c5 R' w"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.
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5 a2 \" w I& \) MSOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE! d# }7 T+ E$ a* m2 _
: N) J: g/ k$ c" fWhen 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.
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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."/ m6 y8 B: P4 K
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Their tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.2 w" H T/ [/ Z8 y2 z0 j$ u5 O+ [9 }
! _" \+ W- L n# O' t! r9 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.
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6 w5 ]/ K2 `' {! e4 R5 z8 ]" W7 _) UThe 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.$ R5 H3 `+ @2 d, X3 ^3 e
2 R \8 v( Z0 \3 F8 _: A0 t, M"It would be nice to have more space and to have another bathroom," she says.$ E. l& I ]4 ^- ^: t$ c
6 K; U- }5 s2 P) x: K# H"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."
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