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Creative Solutions: How'd they do it?
6 ` A( K/ _5 f q: x9 T+ x0 f( yNothing says home like the living room couch
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3 X: h% d+ O8 h0 e: S! `& Q4 cAlexandra Zabjek
# |. u( n( q7 S; |* \ qThe Edmonton Journal
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$ S( f& E3 b& o1 aSunday, May 20, 2007/ U7 Y" k4 j' _( a
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, H, v8 R) r% ], ^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.! f4 a: M1 C$ p: I# }' I% F5 E+ s
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Li 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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9 ?" V) f( V9 {5 j"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."
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After spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.
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Sharing a one-bedroom apartment is a common arrangement amongst Chinese students studying in Edmonton, says Li, who has been living in Canada for the past seven years. It's a big change for many of these students, he says.6 C, X3 E% z+ N4 f
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"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."8 ^, \# X, {) c' w' ~
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Splitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets., u h0 \' T1 |
- x; `+ a$ b% j) U7 B8 A( s1 x1 l"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.2 n! d/ ?' Y7 y8 z
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SOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE. u ^& \& q! D! L0 o
$ A3 }. n& L, A4 b8 l9 N" RWhen 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."
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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, 25.2 a) p3 x1 w3 m8 V+ Q
* F n2 Y8 j& m: l( CThe 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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& D2 j k3 W% J- @& Y4 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." m; X2 Z X3 _& S, R3 K' p5 e
© The Edmonton Journal 2007 |
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