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Creative Solutions: How'd they do it?2 v4 l( P S4 Z! ?6 X1 ~$ \2 I
Nothing says home like the living room couch
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Alexandra Zabjek: q; Y) a3 _$ z0 E$ [0 S! C) f
The Edmonton Journal
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( c* v8 J# w. v; S8 USunday, May 20, 20078 A" j* `' [/ O% B5 E
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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.* f" ]% t( p) A4 T7 V5 W
( ~2 f& k* ^# IAt Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.
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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 $275 per month to put his bed in the living room.
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6 j V$ |" B, E1 l2 j2 c"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."3 X, l6 R# n& i, |+ ]* F
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After spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.3 d* z$ b* g; j( J' ^; p
& f: K/ L1 y$ U, @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.( p) O2 o8 l+ O3 R, p5 V/ i8 a
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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.": f" S' Q0 o. m) ]- [8 [$ }
( a5 [3 @; H, c$ tSplitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.! [# f4 m* ^: ^ \1 p4 c
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"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.8 {3 I) u& X6 O1 q" h
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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.: q7 }/ p# j$ k
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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."+ M2 w* V/ O' L9 e# D& e+ R
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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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; U+ w. V7 ^& M& w x tThe 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., F) v# r. |" S1 R7 P6 K3 t
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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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"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."
4 ?& f- C: J4 o5 s: V© The Edmonton Journal 2007 |
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