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Creative Solutions: How'd they do it?
1 S/ V6 S- v# c QNothing says home like the living room couch, K0 E' b- O4 X* g& G5 R
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Alexandra Zabjek
5 r" B- Q ~6 M/ Y& v0 lThe Edmonton Journal
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Sunday, May 20, 20078 M5 g. @ C+ l9 v7 E# O
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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.0 f1 u' R" Y1 t
, _. A7 P3 R! {; ALi 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.1 o I: \8 W8 h' r6 n
7 U( @- V% D, g3 D; _9 B" K' _3 K"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."
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After spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.
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$ `2 K- \% i. s/ ~5 J& Q8 o4 oSharing 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 ~$ e! ^. v4 S1 A, v+ U \
, k5 l2 B6 H& B& `0 c6 r7 l"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."9 V0 @% d/ P7 X) d# G8 U9 j. O% ~
3 W' w- U; x+ H; ]' r( BSplitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.
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$ ^7 o+ S" k# D) r/ I+ G* q- |"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.' @7 a4 c! f* O8 a, {! x/ {2 Z
. W9 ~$ d- o1 A' h {0 `( XSOMEONE 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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' ? k. k' V) K% E"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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4 F& T C* u; ^Their tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.
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4 r* `$ {7 u0 l" C2 T5 H. x! |# aThe 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.; O+ N- k- \' t N
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"It would be nice to have more space and to have another bathroom," she says.
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! h/ B- O! ~, @9 T5 i2 Q"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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