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Creative Solutions: How'd they do it?3 s* s) z: m( a- _$ L% h, _
Nothing says home like the living room couch
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Alexandra Zabjek
. t `: Q C3 S7 c0 wThe Edmonton Journal" s& A8 l Y* d( G$ ~! F: t
" _$ N3 r( P' N. u, ZSunday, May 20, 2007
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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.
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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.8 Y7 w4 Y) j1 z- O+ B9 f1 K
: n9 s6 y j; Z"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well.". u3 }! E7 x- H5 f0 O0 o
z n' l4 j( T# p. x: jAfter spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.
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" K0 r' D- n* B0 @3 {/ X% jSharing a one-bedroom apartment is a common arrangement amongst Chinese students studying in Edmonton, says Li, who has been living in Canada for the past seven years. It's a big change for many of these students, he says.$ S+ r; t9 ]4 r. i
+ M, a1 _5 l6 ` } }) F' M"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."5 q' ~0 v6 L" |
& T- J6 A: i1 S0 X$ f. _) e" HSplitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets. B( Q/ b1 I' }# ?* k
; T1 L- S- v. F8 Q; s- m"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 MORTGAGE7 e3 L( e# b$ G4 P/ Z9 Q8 Z
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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.) a' m ~3 B; W# c+ ^$ I- U" d* z4 G
9 a' d( f0 N6 n9 a' p$ Y$ u"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 $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.
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% V0 b) \& {8 S- z7 G* O- Y `9 YThe arrangement has worked out well, especially because the tenant was already living in the house when they moved in and has proved to be a "fantabulous" tenant who often spends time gardening in the yard or raking leaves, says Crawshaw, 25.% |& k/ a8 e/ r
; o+ U$ Z/ L- i5 q* O& p' R {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 E' T8 E+ J' D"It would be nice to have more space and to have another bathroom," she says.
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" N1 ^. |1 V+ Y"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."- U6 @4 Y" x$ C! \9 F
© The Edmonton Journal 2007 |
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