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Creative Solutions: How'd they do it?
6 K1 p) }& `6 m. G6 V/ ]Nothing says home like the living room couch
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/ i5 g6 ?3 q% R( NAlexandra Zabjek, P: {3 p1 s' Z" w6 J9 A& [
The Edmonton Journal
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Sunday, May 20, 2007
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) q& D4 h) R3 Y7 C# ], \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.5 e* K, |# c. `' j7 V7 I
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At 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.: u- v+ S8 S" { x
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"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."# T$ I7 l& a2 C, H
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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.. N' l' Z7 |: Q
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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."% N$ R! _& U9 q/ S" ]% }: ~. y: }
% P" d/ W8 Y6 v' J' _6 bSplitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.4 q& D; M1 X, }, \; z& X% m
& i* `, `* f( V( L3 [+ d. r"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.
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2 R3 O7 Y! f3 E1 ISOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE2 s8 c' l4 @: x
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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.4 m$ l, _$ h6 _; S# J+ V& p
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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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] Y5 y% E6 Y. P9 ?/ ?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.( q/ L9 ?: h5 C0 l- W1 O
3 ^ Q1 u' p* O5 }4 K W# ]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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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.2 `9 N4 e' b1 h- w
5 @, @9 u& U3 w, }( c8 V7 B& k+ X! d"It would be nice to have more space and to have another bathroom," she says./ ~( D3 d8 A1 u; K& [( g
: M1 F/ v1 ^6 c* ?" D"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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