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Creative Solutions: How'd they do it?
7 X2 C0 i& j# H& Y( S hNothing says home like the living room couch) H& d5 A1 g$ z: K1 u- g& m/ r7 t1 t
9 D5 |& l% F6 w- aAlexandra Zabjek
+ M& I7 m- F' N! n7 R: a1 vThe Edmonton Journal
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Sunday, 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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' E2 @& M& b. _/ \+ d6 n' OAt Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.( A) s, ~! ^( u& n. I
5 T& Z/ h% X" ~+ q4 V% _ TLi and Chadwick, both students, split the $600 rent almost evenly -- Li gets the bedroom for $325 per month, while Chadwick pays $275 per month to put his bed in the living room.
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$ o7 U8 \) L7 v& m' P% a5 {# s"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."
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& _' S+ N5 I5 {6 e4 u! P5 D. j: GAfter spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.
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Sharing a one-bedroom apartment is a common arrangement amongst Chinese students studying in Edmonton, says Li, who has been living in Canada for the past seven years. It's a big change for many of these students, he says.
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0 X- l, k) D1 G# d: ~% h"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."9 r& m! ^1 x. v- r. e
; A6 H2 [& @! u) D9 N2 B/ wSplitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.6 X2 N3 b; u" ?
8 @9 p- W; A$ X6 P"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.& o, f) ~4 U/ B8 w. c- N* m
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SOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE
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: m0 z1 b# A4 bWhen 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.$ d, K5 v5 D; S
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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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& @. K2 |8 p3 L, R( j/ [* kTheir tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.
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The arrangement has worked out well, especially because the tenant was already living in the house when they moved in and has proved to be a "fantabulous" tenant who often spends time gardening in the yard or raking leaves, says Crawshaw, 25.3 }1 ]# Z9 [+ G+ C* I* d
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The downside, however, is the lack of space. The couple and their two cats share about 750-square-feet on the upper floor of the house.
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' @% ]) }$ t8 i"It would be nice to have more space and to have another bathroom," she says.
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"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. l( e; l( y# ?6 i/ {- I" m% M© The Edmonton Journal 2007 |
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