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Creative Solutions: How'd they do it?
S+ y6 `2 P6 H7 Y' yNothing says home like the living room couch
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& r. _2 X* T6 c. j, xAlexandra Zabjek
2 t ~% G8 Y) B% ^% e# w: j! XThe Edmonton Journal0 ^2 B- s9 ~5 m+ h) N' Y
; t8 @1 X$ h h! s: i3 BSunday, May 20, 2007$ l. E. V! ]5 S7 [
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5 Q* t6 T2 i* n8 t3 h+ FStudent 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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) x2 X* X" b" }$ Z1 QAt Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.) x j; q5 `" o: C& |! P
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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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8 ^1 g% [6 d; Y5 y+ K9 J- s"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well.". _% \8 q% Z0 H3 r
1 H# }1 K! p f. KAfter spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.
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Sharing a one-bedroom apartment is a common arrangement amongst Chinese students studying in Edmonton, says Li, who has been living in Canada for the past seven years. It's a big change for many of these students, he says.7 ^) ?- |) t9 C, o, g+ |/ E5 G! P
0 }& Z3 U4 n3 @8 K7 s"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."
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Splitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.! P! l `# n, N
. {% O* q7 F7 _4 V) i4 K$ {"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) V. C! M) V% e' o: z
" r1 E7 k5 n( ?' j" oWhen 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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"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.
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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.3 u8 l. G* C9 m P
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"It would be nice to have more space and to have another bathroom," she says.
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: [- Q) e2 r% I" \( N"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."0 J0 _" \; E: o# C
© The Edmonton Journal 2007 |
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