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Creative Solutions: How'd they do it?
% N/ X; N+ [3 C9 TNothing says home like the living room couch2 i& m9 `8 H1 O+ n/ b
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Alexandra Zabjek @! F% Y- i/ I+ f3 E$ X
The Edmonton Journal
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Sunday, May 20, 2007 Z, C2 E5 a4 d S, p
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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.1 [/ k/ c- Q+ J
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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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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.% `3 K4 [. W' Q" j7 g! \9 }
9 T" M. n9 t0 V7 g! e: t"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."; F3 C9 @2 A8 ?3 ~
0 j: v% H* ~8 x: H$ nAfter spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.8 j/ }7 O0 ]# `
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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.- f _1 v2 {; t. l5 O) j
% k' p% G. K' E y"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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" |+ x+ v$ ]8 F c4 |# O" @- t% f! mSplitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.) A' g7 V+ u' j8 J# |+ L
8 a& F. u3 d; A' |2 t"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.
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2 w% F2 H9 ^2 F- R8 j, o1 M7 p) iSOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE
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9 |. T2 k' g+ }! n/ o) b9 IWhen 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.2 W1 `! J% p& W) u
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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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* L" U2 }. M' R9 u3 k8 v( WTheir 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, 25.4 o/ H* p9 n# n4 m! {/ |4 o7 t
2 o2 L4 x9 b6 w6 G) PThe 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.' B6 l: b' w" z# J v+ a
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"It would be nice to have more space and to have another bathroom," she says.) S6 y3 N- l7 Q) v" K7 x, A3 w& S* T
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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.": `# _- ?8 u6 \7 k4 p7 s
© The Edmonton Journal 2007 |
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