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Creative Solutions: How'd they do it?4 H3 m+ @) E6 T7 e, D6 s
Nothing says home like the living room couch% b/ m2 U- o/ }/ H1 L5 c8 l: N
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Alexandra Zabjek
3 ~+ A! ?$ \: |The Edmonton Journal1 h8 k! X* C; u3 s4 V
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Sunday, May 20, 2007- K$ w$ ]/ {2 M' ]4 g, F0 N
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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.. I. H8 T1 V% ~/ [* i- n0 q
* l0 L! V4 Q% O: BLi and Chadwick, both students, split the $600 rent almost evenly -- Li gets the bedroom for $325 per month, while Chadwick pays $275 per month to put his bed in the living room.$ Y) I! o9 C* ? c
0 T y6 B' i& y) W* @# t" X"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."
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! M) x% K2 _. x; wAfter spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom./ q$ `) d6 D+ C5 ], c. H
5 i( V& ?& u# j$ g, w3 J. l4 n! OSharing 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."
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9 S0 n* W7 J8 j: u3 U7 ^Splitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets. ^; N B: T9 U! }: x( ?! E3 V
5 Q" {' H+ i, n) Y$ {& k& v' [8 `"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.
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$ `5 B ?* x M4 K& ^"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 $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.
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( e, O7 z( ~$ Y0 L/ Y2 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 U _( V& P8 M2 r- o5 E
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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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2 s/ w2 [( a4 [ q) K"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."# J% _- h- B8 |2 U" X
© The Edmonton Journal 2007 |
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