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Creative Solutions: How'd they do it?
# E8 N6 A% c% [4 `Nothing says home like the living room couch
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$ m5 n- d. u J4 z+ [ m* ]Alexandra Zabjek
. U6 M0 v) x! lThe Edmonton Journal. q+ E3 O& Q6 _& j
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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.
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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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# A) Z1 k0 `2 KLi 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.& B+ U: D8 w# X5 b# h. D) z2 f6 ^" I
4 `3 e( f! ?2 t* B5 j7 i, {"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."
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- }* }$ g, Q, P) f6 sAfter spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.* ?' G9 {: u5 q
, O. b' w, }1 }- bSharing 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.: w0 [. ^- V @' i
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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."
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9 k2 `( B) y" }Splitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.# x9 `* G l' b9 Z$ Y: L9 e
4 a( p1 n9 T: s" ?7 F& p2 a3 _. Z"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.
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, y$ ]9 ?* _; P( e6 r8 i" \6 ["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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, o: \" v9 O. N3 @Their tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.7 \ x: M: E! [0 u
5 Q, `: c, i1 E( a& A7 RThe arrangement has worked out well, especially because the tenant was already living in the house when they moved in and has proved to be a "fantabulous" tenant who often spends time gardening in the yard or raking leaves, says Crawshaw, 25.
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. q" I N! z' {5 A @; PThe downside, however, is the lack of space. The couple and their two cats share about 750-square-feet on the upper floor of the house.) G6 l+ O' C, c0 p8 _) ?# C$ Z
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"It would be nice to have more space and to have another bathroom," she says.
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( ~; M$ r3 `( s1 f% i( G1 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."
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