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Creative Solutions: How'd they do it?
# X/ V- L* R2 _* a8 D% g, E3 ONothing says home like the living room couch
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Alexandra Zabjek
0 ^0 x. F% h% fThe Edmonton Journal! Z6 E8 G5 K: H* L+ ^
4 L0 n" p6 `- \) KSunday, May 20, 2007
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: o: Q! c* l5 T4 U' J7 DStudent 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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. L! y+ g. T; ^1 l# U4 Q- a1 ?At Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.0 P ~. P% o& J% W' f
' s, O3 G \% w( ?: |1 QLi and Chadwick, both students, split the $600 rent almost evenly -- Li gets the bedroom for $325 per month, while Chadwick pays $275 per month to put his bed in the living room.* N* ~; g$ ^3 L/ @- g+ G3 G
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"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."* v& s3 p% l! Q p- y7 h7 P7 z
: ~& E/ u% J$ N( t. vAfter 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., M# S/ x) n! y9 U% u
- B7 ?4 J+ p& z; d% F"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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; C$ b% H+ ~" B9 @+ R/ u7 cSplitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.( X/ z$ C% d$ { m' `2 B
" V1 k$ w% r- i& p5 d; L"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
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' z% M: L+ ]$ U- M! xWhen 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."0 [7 V* b: _9 y0 q; d3 Y
+ j7 K* @1 U! LTheir 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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/ E' a4 u; U( C* lThe 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., i% t2 y& p) K4 s3 V B5 n* ^
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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.( Z, e9 N5 j7 x
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"It would be nice to have more space and to have another bathroom," she says.9 V( Q& e0 ^% u* q" t+ D
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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."
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