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Creative Solutions: How'd they do it?2 N: j% X; |+ S
Nothing says home like the living room couch, L3 _* ?( |* G4 x2 K3 Z4 m8 H' C
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Alexandra Zabjek9 L7 b6 i* `& Y. Z, p. p2 r
The Edmonton Journal
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0 J& _4 {: t' E) S- fSunday, 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.% I/ Q% @) I" U
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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.- \& c# t1 i( _: T5 q6 D a# H
5 N! F1 B8 X! Z. B/ r"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."3 o' n; A5 S# t# S, K" l
, t) D" e* C5 \/ r @9 \; iAfter spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom., o" V" V5 a$ b" E1 J. a
1 c% ~3 W3 ~ K, nSharing 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.
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0 w6 T: d/ g0 p' o0 y"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.3 z; s: h$ _5 Z; r& X- V
8 m) P: r4 Y# w4 i+ ]9 X"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/ v0 H: H7 H: p0 C' K8 C3 y2 b
5 R& {* {# H4 SWhen 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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, L2 Z# A: ^- v) Q, E4 iTheir tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.
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" n. @/ n( y: pThe arrangement has worked out well, especially because the tenant was already living in the house when they moved in and has proved to be a "fantabulous" tenant who often spends time gardening in the yard or raking leaves, says Crawshaw, 25. n5 k. \' p$ I) c( s7 T" P) M6 F
2 _+ U% H1 y+ K' YThe 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.+ {1 j m8 M g: f0 i2 ]
: R ^" o7 E) ]. S: D"It would be nice to have more space and to have another bathroom," she says.
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* J6 ` @$ f4 D& V"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." P5 t' w6 m5 X- j, `2 `' c, l
© The Edmonton Journal 2007 |
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