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Creative Solutions: How'd they do it?3 T+ ?, K7 y: L
Nothing says home like the living room couch/ c* o% n% S$ r# b
* v0 {0 ]/ l' [- M& T! u9 _Alexandra Zabjek
f+ H, T6 v, H4 x; aThe Edmonton Journal+ D5 \2 ?; d/ ^- a) z
/ i7 m: }5 |; U8 N5 rSunday, May 20, 2007
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" w8 r% A( L- i$ `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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+ W6 H9 ?" K0 J2 g4 b' _ ^At Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.5 F9 Z9 ^4 Q. Q( I
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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.9 ^7 B* O; N8 r6 x: H6 v6 d
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"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."( j7 ^- ~2 U& E# t
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After spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.
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; |1 L) I/ w7 f3 T' K& l, j0 z4 `5 jSharing a one-bedroom apartment is a common arrangement amongst Chinese students studying in Edmonton, says Li, who has been living in Canada for the past seven years. It's a big change for many of these students, he says.
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: H4 @1 e! M9 B0 ^' z3 O" @"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."
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V3 W6 B; _1 K5 mSplitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.3 o4 |- H- I5 r" n8 V+ I. E
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"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.3 `- m0 {% G5 h8 e! \
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SOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE
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, G0 [: g9 z+ l( t6 l0 F, x* pWhen Caitlin Crawshaw and her girlfriend bought a bungalow in Bonnie Doon last summer, it wasn't just the location that sold them on the 1950s era house. It was also the basement suite.& j/ _% l2 a8 t5 ^$ s. e( j
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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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" X( w/ N- t" o7 q& ZTheir 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.6 `9 j. g9 [- G6 [! m7 w
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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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1 C! q0 \3 b8 A! X! rThe 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: k6 v8 A- `% w% A
. U% Z5 ~3 n8 h; ~. ]/ D"It would be nice to have more space and to have another bathroom," she says. D9 l/ F% c: Z( B, U3 _1 p
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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."
8 A% c2 t0 x S) ~© The Edmonton Journal 2007 |
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