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Creative Solutions: How'd they do it?
* e2 l$ b/ Y9 Z! q9 E3 PNothing says home like the living room couch
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Alexandra Zabjek- S7 ~* O6 @% A1 Z* w
The Edmonton Journal
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; ~8 G+ Z1 k, _" Y% @& F vSunday, May 20, 2007) `1 g4 u1 @; J2 k# Q# R; Z
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0 O1 H3 m: K: J. b: E4 UStudent 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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+ X( S# W4 X# [# ]* _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.7 e W) i- v* D& V/ X) I& {9 P
; L' ~& R3 D' e0 u+ J `"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."
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After spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.
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Sharing a one-bedroom apartment is a common arrangement amongst Chinese students studying in Edmonton, says Li, who has been living in Canada for the past seven years. It's a big change for many of these students, he says.8 }8 `' }' y9 e0 R
5 V$ z5 ^6 H7 C 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.
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"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& i0 N( h7 K6 p4 H1 [' h' ?
( Y! T0 y/ h& l8 @3 ^8 {& J) Q1 zWhen 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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0 r- K/ v! i* h/ B/ x# h"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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5 q9 n. H& X! F% eTheir tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.
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8 m1 D$ ]3 j2 T% [" TThe 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.: ^ ~: O3 n$ C' e; G5 R& i
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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.! H" L y! n+ K* e2 y; y% K
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"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."
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