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Creative Solutions: How'd they do it?
$ S# _; w1 S8 K% W9 WNothing says home like the living room couch% f* C1 @, c" v
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Alexandra Zabjek
8 s# Q! k' c& r/ X4 Y: K# yThe Edmonton Journal8 G7 c1 G+ R! V6 G, C- i
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Sunday, May 20, 2007
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4 V, V+ _/ i; S; P' ~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.. n8 h* P5 N, a Q V
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At Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.$ [3 i, Y3 j4 P
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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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"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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G8 w3 H& ~' N8 O9 t5 cAfter 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.2 r8 V7 l/ {3 j+ G
5 \0 x# y( W8 J. p"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.5 P; v' o. R2 O- f& |+ }
# l3 ]- Z" \" s7 ~3 z"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/ o1 I: x6 J1 d; C* z
1 L3 q( ~, p. T% q% W. v4 Y* `/ JWhen 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 d& ~9 q" x1 |( e" Y. i% P: f
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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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# h6 d8 _3 H; C; d9 j& V; X" VTheir 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., o) S6 t0 I L2 n+ h4 o0 D; t
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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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"It would be nice to have more space and to have another bathroom," she says.
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! H b8 y( i6 K! ?8 H"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.". d W: H. i2 }# R, ]
© The Edmonton Journal 2007 |
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