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Creative Solutions: How'd they do it?
1 c0 o7 u; v) f, c+ |Nothing says home like the living room couch
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* f4 {- @7 J2 C0 G1 R: T& R, YAlexandra Zabjek
- e, f s7 `. P* R" [3 m' dThe Edmonton Journal
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7 l% H: P( |" \8 ~$ k% v% }Sunday, May 20, 2007% m0 a8 M; v' Z" c8 D/ K; P! a- @, P
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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. g8 I& m" [0 u3 ]2 i8 L1 G
0 Y" m6 s1 `( V- RLi 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 W) Z. E; X) H3 O6 U/ y
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"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."
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% ?5 `/ T/ Y% S- d$ [! u$ G+ LAfter spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.4 k. s' d* |: H
; |. D$ O- d9 H: Q3 K7 T: v. ZSharing 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."2 ?4 E. Z# \- s$ _% q5 b, n( _. N
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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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" J' r+ {( L/ U1 L8 C"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.8 I! l7 y) R) [% z. F7 B' E
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SOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE
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9 t/ R' j5 t L* Y L3 i0 ?5 D1 wWhen 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.": V( g6 p) a8 F5 G
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Their tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw." z' d4 Y% s H' X* s5 i& P0 ]' ]
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The arrangement has worked out well, especially because the tenant was already living in the house when they moved in and has proved to be a "fantabulous" tenant who often spends time gardening in the yard or raking leaves, says Crawshaw, 25.
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$ }+ [2 i" A u2 j' G7 C' gThe 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.* O2 m4 K+ B0 T* Q% t" H
( J! [( f7 k, p8 z0 {"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."
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