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Creative Solutions: How'd they do it?1 j9 f8 V: n5 H* U
Nothing says home like the living room couch( m& q* V) X/ g2 U/ V: w
! [( H$ w j# p% gAlexandra Zabjek
. E8 I$ X8 @4 EThe Edmonton Journal
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M( k2 G6 d9 k! w9 ySunday, May 20, 2007; I$ @* q$ w( z9 t
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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./ r8 F% V( i! k, x+ G
- @) K. z; T3 B8 HAt 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.* z+ x% u4 S1 R5 D9 Y
2 l% I8 ~ J1 C( X9 l" n i"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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E. k m2 @& a# dAfter spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.; ]# Y6 Y% e( o& b, ~
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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.
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3 x6 B1 z: N+ @1 O"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."7 }+ o- v# \) E) M6 i
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Splitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.) u8 S2 |* U" u x
1 w( f/ q. k! d! _5 D"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.
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& n, a3 W& r l" }% h6 ^/ iSOMEONE 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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"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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K' W9 ^. D, A, c6 cTheir tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.
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The arrangement has worked out well, especially because the tenant was already living in the house when they moved in and has proved to be a "fantabulous" tenant who often spends time gardening in the yard or raking leaves, says Crawshaw, 25.5 L: Z ]! @5 X2 I* ^# p
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The downside, however, is the lack of space. The couple and their two cats share about 750-square-feet on the upper floor of the house.9 X0 h7 a7 O# ^1 D( e9 H/ b- A$ D; _- z
1 u4 A: I; C* T& H& s4 ^" z"It would be nice to have more space and to have another bathroom," she says.
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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."- V! O/ }( [( x# v' n4 }
© The Edmonton Journal 2007 |
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