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Creative Solutions: How'd they do it?
: G& e5 T. p" `8 U* A; XNothing says home like the living room couch
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Alexandra Zabjek
( p. E& |* _: u9 [8 sThe Edmonton Journal
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+ l+ Y% G/ G8 I1 PSunday, May 20, 20070 l* ]9 ]6 ]. z$ ]5 u0 h! h
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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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At Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.+ F# l9 ]9 R! h$ s' V
/ y" {. V4 J6 L9 ?' qLi and Chadwick, both students, split the $600 rent almost evenly -- Li gets the bedroom for $325 per month, while Chadwick pays $275 per month to put his bed in the living room.7 I; \: |$ U" t$ n1 z* p9 i0 D
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"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."
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( o1 ?% F- ?& ^# jAfter spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.
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Sharing a one-bedroom apartment is a common arrangement amongst Chinese students studying in Edmonton, says Li, who has been living in Canada for the past seven years. It's a big change for many of these students, he says.: G- U/ q; j6 `7 S5 D- }/ U; Y, t
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"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."
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Splitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.
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( U: l ^6 D$ W5 R"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says., ]+ ?; p) n* j- q3 `* U; p
6 r' Y* c: v l/ ~! V: n! v2 B0 }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.
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& |1 `! j4 }; s: J z e* k! S"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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. _6 i. y% b/ g) f; O" XTheir tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.) z( ?0 U, B3 B! W- l) S% z* c$ x
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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, 25.7 L; _, B3 g# K8 V& ~: Y1 u) k
6 A: @; C; K4 L( b7 a6 {' ?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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2 d& I# \. K8 Q5 y2 X1 ^3 _"It would be nice to have more space and to have another bathroom," she says." X7 W! W0 l* t( w' Q2 c+ b2 v
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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.". `/ p C9 I9 q; R; p
© The Edmonton Journal 2007 |
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