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Creative Solutions: How'd they do it?4 n+ G8 i9 a. b3 g& L/ l
Nothing says home like the living room couch! j+ o- z, Z- ]0 H2 O+ a
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Alexandra Zabjek
" [/ E- \; f4 U0 a0 bThe Edmonton Journal5 Z" Y A! ~0 V: s7 [
; j/ g2 I# V, z/ z1 v$ @Sunday, May 20, 20070 d2 ^* A' q! [* A4 i8 N* g
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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.
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% \/ C1 X% V: A5 x/ dLi 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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( h7 {3 |: v# @+ C: y"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."
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* H e4 R% `2 ?+ tAfter spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.) L7 U/ m0 `/ |0 f% z$ n6 Y( u7 d
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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.; J+ j! f0 A/ T) }0 H- z9 t% v, D
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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.". s9 @! L* u: Q* n4 y
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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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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.+ L2 s; L0 r# W9 j- J9 y7 T
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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 $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.
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T% @" o: M! K5 v4 b F3 ^The arrangement has worked out well, especially because the tenant was already living in the house when they moved in and has proved to be a "fantabulous" tenant who often spends time gardening in the yard or raking leaves, says Crawshaw, 25.0 j7 }0 f+ Q* G1 o
& D# G, A- c" N7 C& A( UThe downside, however, is the lack of space. The couple and their two cats share about 750-square-feet on the upper floor of the house.3 @+ J- S- {" T
' D- Y7 r. f+ G9 d, n9 j6 W"It would be nice to have more space and to have another bathroom," she says.
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"But it does work out quite well. I don't regret it. But I don't want to do it for more than five years -- I don't think that anyone does."
/ u$ j0 ?' P/ d: B" n$ U© The Edmonton Journal 2007 |
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