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Creative Solutions: How'd they do it?$ \$ Z& }3 s0 P
Nothing says home like the living room couch
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9 R+ |7 y9 K2 _9 n: I9 M5 q: v- IAlexandra Zabjek" L. D) b$ @* q6 L; w. |: d
The Edmonton Journal9 Y, v* ]( w& d
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Sunday, May 20, 2007
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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., T* M5 q# _ X2 |" D- |, n
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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.
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: v6 e! U7 {' @0 s9 l"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."
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After spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.
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Sharing a one-bedroom apartment is a common arrangement amongst Chinese students studying in Edmonton, says Li, who has been living in Canada for the past seven years. It's a big change for many of these students, he says.
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$ p2 ]) Y! t; M6 d"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big.") y6 t- ?( f+ T. {
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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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"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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* g) t" U m( p8 g O( WWhen 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.# c* {/ f$ X) R" f
; Y( c' W$ X; u2 H" a& q R1 z& Z$ P/ R$ {"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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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.! X; F2 d) n; H4 M. a' X. v3 l
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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.
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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.0 I) [" O8 ? f- \7 `! o
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"It would be nice to have more space and to have another bathroom," she says.
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+ f7 c# a9 B7 E5 d4 x"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."1 ?2 D) C7 E4 Z0 s a9 }
© The Edmonton Journal 2007 |
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