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Creative Solutions: How'd they do it?$ U! V3 ]# M7 r5 d7 H4 u
Nothing says home like the living room couch
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& i& v9 `& O. M+ q9 _Alexandra Zabjek( U! X' A+ X8 s" w+ I7 [
The Edmonton Journal& |: m. ~! S+ N
0 ]8 v8 Q3 w8 w2 k1 ~: [2 g: OSunday, 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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8 u9 R, [ S6 X1 g! h. G# |2 |" ]) WAt Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.
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+ F5 j5 i5 F2 FLi and Chadwick, both students, split the $600 rent almost evenly -- Li gets the bedroom for $325 per month, while Chadwick pays $275 per month to put his bed in the living room.
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) L$ x- O9 [0 K! i7 ~) d"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."
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$ ]8 ]/ o- @1 W/ o* a+ XAfter 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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0 A9 K+ b' H( ]1 i2 F; d- Q% RSharing 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./ J/ A1 }9 v1 ?/ G# X
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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."
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. A _ ] {0 q. ^Splitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.4 m/ Q* j" F/ S8 C2 @
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"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.$ |8 D" L; \: \! i e% @. P# \: U5 c
2 \# X* F0 \' M( g/ {SOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE
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) E5 p. w' }+ c, j A3 iWhen 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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8 i$ [8 T" K* l1 ^, M5 l* I$ F5 C"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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6 s- D7 G6 l5 D; r4 d3 B! BTheir tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw., ` L, k4 q+ }7 G2 _; {; w
" r! b2 o4 y" B+ C$ C) Y! o1 P. 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.( v0 K( [* R& D
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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' d" a U8 n( M
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"It would be nice to have more space and to have another bathroom," she says.! T! n" {9 b# ^0 g
# B" W1 v; D# X. m# k"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."$ Y% ]/ H& O: s) T& |: r
© The Edmonton Journal 2007 |
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