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Creative Solutions: How'd they do it?
8 A: u7 X7 }+ L& n: f7 u3 }- iNothing says home like the living room couch
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Alexandra Zabjek
* Q3 f p$ i. ?6 B* lThe Edmonton Journal
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Sunday, May 20, 2007- M, x" ?( J5 Z: X
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9 b, }( a3 r `2 \" \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.' H- A( U" l6 ^$ J* d& c, N
: B/ ~) b* D3 j. AAt Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.- O9 t* w1 t* P! c$ V0 Y
& T$ e% X! E9 O* o8 ELi 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# T t& i! u* k8 @- Q6 b
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"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."+ a5 z3 }: F( H9 k+ j5 M5 D
* Y4 G* u7 Z- n5 }5 R: DAfter spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom." d! h) a3 G1 H$ y; d
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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.$ D' y0 R. h" g1 c1 i
* `3 F: L& C, X$ {"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."1 {* l7 n" R6 l
$ I' A. N# A' O( x2 c, M( G" GSplitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.
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"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.5 s/ O, J* a+ W6 }3 d% O
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SOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE
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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.
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5 E. z- \4 t; [* m! e! Y"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.") v h9 X' r1 ?7 ]
) j+ m6 V0 x" c* PTheir tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.
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7 `$ \0 Q; }& f3 V) N7 }% y7 |: GThe 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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' x8 i, ^ Y y5 U# _# C( hThe 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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) @/ n2 Z: i6 P" n _3 r9 N"It would be nice to have more space and to have another bathroom," she says.
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3 j2 W- b1 P B8 m( F"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."
+ M! J2 K9 i7 B0 T# l$ i4 ]© The Edmonton Journal 2007 |
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