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Creative Solutions: How'd they do it?
5 O' R& m8 `. N# u! {1 PNothing says home like the living room couch
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; W# w* \5 v/ z$ b" {Alexandra Zabjek9 m+ C. } m, u! P9 z0 @! w" f4 L
The Edmonton Journal$ H. ]: Z5 }+ m8 z/ ]8 |$ w: w
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Sunday, May 20, 2007
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7 U, o8 }9 q7 HStudent 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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5 V" J) W, j" b( s4 t7 g# @. i5 SLi 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 p: o, f5 w9 o2 ^# I
6 n: [6 p) o- O+ o0 }: d"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."
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After spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.1 F3 S" N W1 V' M, Q' G( i$ T
# `+ J6 s& n: j @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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"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."2 P: l; V! D1 x/ _
5 j, }# h0 ~0 ySplitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.' P- k& E, F3 T
9 x, }6 h! v, B* L"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says. A5 n2 B- M$ t8 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.( l* A$ n% h* i# r% _
# K d& |& V: X0 S( k: i5 c"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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0 c! F5 Z7 A( Z" z0 F8 NTheir 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.
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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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"It would be nice to have more space and to have another bathroom," she says." M% x' Q! G" C; F
- o9 b: J5 G- d c"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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