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Creative Solutions: How'd they do it? G6 c. I4 f* M) O# _/ w" L6 C
Nothing says home like the living room couch
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Alexandra Zabjek3 z! Q3 z* D0 B, d, l6 O$ E
The Edmonton Journal
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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.2 x j9 J% Y# g
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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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! C: H/ j9 d. hLi and Chadwick, both students, split the $600 rent almost evenly -- Li gets the bedroom for $325 per month, while Chadwick pays $275 per month to put his bed in the living room.! a8 A$ ]% b- x% `5 Q
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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."
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- M% Y4 W( t7 z0 J5 }8 x8 } t3 RAfter spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.3 s* M" ?; S- P8 A' ~/ ?- J3 r
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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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0 d2 u7 u& _4 A3 i4 q: @"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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Splitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.* S7 T+ P7 [5 g: [' z9 u* _
$ o0 P7 e) {% J$ D" P/ F"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.. L' u! x n+ ?' H7 S
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SOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE
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6 n! M; A( t! H' M* D. s% ?' Q6 X3 P! 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. ^" N/ U; h, [; A) W, c- V" [
/ P7 {# ^! J V"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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1 ~) \' }5 S3 Z( l, a0 S# I) L; u5 tTheir tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.) F# Q( D6 ]9 e! A T1 w5 w$ N1 s Y
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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.
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! F7 @7 V' @( `"It would be nice to have more space and to have another bathroom," she says.
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; V" x# s! i0 T! |) { d"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."
0 \7 B+ D- U' |© The Edmonton Journal 2007 |
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