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Creative Solutions: How'd they do it?% X5 L7 M) ]* ~: B4 B; X! h
Nothing says home like the living room couch
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Alexandra Zabjek
, r; h" {+ y5 }The Edmonton Journal- P0 b$ T* \" f
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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.; M+ c3 n* l7 u' W# ^5 d0 ~3 I o) P
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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.; f6 q: S5 @9 w
2 |" o# C4 D. ^# t/ f, U) P"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."
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After spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.* m2 N, v" Z( C4 B0 G
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Sharing a one-bedroom apartment is a common arrangement amongst Chinese students studying in Edmonton, says Li, who has been living in Canada for the past seven years. It's a big change for many of these students, he says.8 I7 z" i- d9 K
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"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."! S' `8 u7 r' F- P( @8 D( {
/ x) O" q- a7 _; {+ nSplitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.2 n- l S ^6 e$ ?3 W
# q# s& o& w4 e( e' I; V"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.5 E7 g2 K# P! k [
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SOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE6 [. |3 V8 P: F! g
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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.0 y6 |( S3 b2 U. c K7 b5 q
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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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Their tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.& X6 E! O" `; a1 V& O
6 ~ Y, a# U, ZThe arrangement has worked out well, especially because the tenant was already living in the house when they moved in and has proved to be a "fantabulous" tenant who often spends time gardening in the yard or raking leaves, says Crawshaw, 25.
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The downside, however, is the lack of space. The couple and their two cats share about 750-square-feet on the upper floor of the house.( H; V. e% j! }5 x: _
! B1 r0 l/ ~: ]"It would be nice to have more space and to have another bathroom," she says.
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$ t) i/ ] h4 i9 U# t"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.") b' h( C( d, E! e( k0 b6 x- `
© The Edmonton Journal 2007 |
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