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Creative Solutions: How'd they do it?
* Z" ?6 L6 N* Y9 ~Nothing says home like the living room couch
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Alexandra Zabjek
7 \% [' N# X" \The Edmonton Journal
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Sunday, May 20, 2007/ j# H6 D! ?0 U) B0 |" v, c& y
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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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8 `& e7 v& d" q( E) _! ]- MAt Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.2 i3 k; l! C# t- O5 z
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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.
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"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."
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- |; D# ?/ _/ |; oAfter spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.0 f& S- O8 g8 E4 O6 ?* L( `
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Sharing a one-bedroom apartment is a common arrangement amongst Chinese students studying in Edmonton, says Li, who has been living in Canada for the past seven years. It's a big change for many of these students, he says.( Y; D* k# K) E) ?! f1 \
: I M @% U8 l" d* N"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."
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Splitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.
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' b6 k; a$ D8 c5 F0 e( U0 f"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: G7 P# @. v+ n! T
, A5 y4 ]) p9 j, KWhen 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.$ {, _0 P$ F5 T1 l" D6 Z- x
% w2 C: T5 S1 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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Their tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.! R6 X- D3 s3 H$ Q
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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.( p2 x. |/ T M+ z2 c8 G0 S- W9 E
) a0 q3 j& }$ j+ A5 _& OThe 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.0 I5 h2 p4 U- Z- S1 |) d
$ M- Z8 D2 q: }5 e) D" k+ K"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."
8 S+ u' H3 O3 e( V, s. }© The Edmonton Journal 2007 |
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