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Creative Solutions: How'd they do it?
1 G4 V$ ?" b/ \( y$ L5 o' l h: LNothing says home like the living room couch
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8 t& T7 s9 p0 f% E: ?& p' uAlexandra Zabjek
. `2 u3 W% g1 C# V! k* Q$ [The Edmonton Journal9 b- ]. q; m" N" m( e6 @
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Sunday, May 20, 2007% u) ]9 S/ }' j/ d7 ]) U
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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.! O/ N' Z3 W. N' l0 j& }/ E' Q0 B
4 h) R" c# c s; b, vAt Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.
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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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@& r6 K3 b+ V( d"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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) A5 t& E Q! r) g: PAfter spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom., l# R8 g1 H9 _
, T2 e! W( |7 X9 }! [) {' A' u9 s GSharing 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.- ~7 S" F+ L7 C% t
1 R( N* r" H- `9 f" w"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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Splitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.1 ~+ Q/ U5 _$ c
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"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.
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6 [! e7 G* |- \1 j$ h# ZSOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE1 P1 r" ?" G7 f1 h4 p
: A; f6 _/ `8 a% ?2 O2 U9 z" T+ `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.7 G ]% U3 X# v% N
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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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. o' R6 ]0 o, g/ ATheir 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.4 j: s- L m" s8 m
, p3 G2 w+ W! `* \! V' TThe 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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& @# V6 S; ?$ H. s9 ~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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8 a$ k* l8 n0 {6 y"It would be nice to have more space and to have another bathroom," she says., s( V. |% V: K8 \) l" U! a
, f2 u% {& R5 r"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."! Y% j; I1 ]0 i5 r0 Q8 z, W
© The Edmonton Journal 2007 |
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