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Creative Solutions: How'd they do it?
+ B' l+ a7 I8 ~9 H2 ` zNothing says home like the living room couch8 g' ^& @) j% n$ B1 ]
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Alexandra Zabjek; x: G( e3 s0 S- ~3 q6 p5 E" ?
The Edmonton Journal
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9 `0 L. Z: w YSunday, 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.) [7 I9 s% B. z: H* O3 ?
% m8 [' L Q6 ]8 m3 YAt Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.
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. o/ ~' J0 N7 u) R. {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.
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"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."
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After spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.
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Sharing a one-bedroom apartment is a common arrangement amongst Chinese students studying in Edmonton, says Li, who has been living in Canada for the past seven years. It's a big change for many of these students, he says. K6 `7 }* d9 C9 ~" ~3 t$ 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.") T4 H8 d0 Q; K2 b/ V
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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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0 V4 e5 W5 l9 C- }/ d- D, W"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.
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2 y$ M7 h4 Z9 a RSOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE0 i( m7 ~4 w# w, I$ m3 M. X F
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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.
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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."/ m3 O4 G: ]# g
1 g, }2 ~& M! B8 C v0 P( aTheir 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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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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4 K3 C/ w1 h3 b' C"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."
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