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Creative Solutions: How'd they do it?+ W0 A( H! I% ]) u7 t# b- c# w
Nothing says home like the living room couch" T# M5 `- O4 \+ y% }/ L1 S4 ~+ p
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Alexandra Zabjek$ n) f7 Z) |0 I, ^ d+ G0 ^- ^2 b
The Edmonton Journal
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0 F- h. y% L% \Sunday, May 20, 2007( D+ R8 B! ?" O- ^: l3 l
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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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* R4 {. z5 v2 P U w( |At Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.! o2 H3 m% D; t: h5 i5 Q% I
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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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"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."2 g& n# l) K& c- `
. Z5 N1 Z/ x: v9 B. lAfter spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.0 w# L) Z8 p# C4 L- }
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Sharing a one-bedroom apartment is a common arrangement amongst Chinese students studying in Edmonton, says Li, who has been living in Canada for the past seven years. It's a big change for many of these students, he says.
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[. F& S/ X8 \: k: k. {; s"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."
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2 z/ T$ i; Y# J0 p9 p) {6 g9 `6 wSplitting 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.8 C, p1 _1 C4 e. p* h
5 G6 k% c/ l- N. _"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."8 l% v! m) a; \
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Their tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.
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The arrangement has worked out well, especially because the tenant was already living in the house when they moved in and has proved to be a "fantabulous" tenant who often spends time gardening in the yard or raking leaves, says Crawshaw, 25.
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& v, W1 ^. _$ |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.) n: N" k% P4 S2 v, p, o( z
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"It would be nice to have more space and to have another bathroom," she says.9 B0 Y4 H2 F2 P8 m
& C9 K+ O2 k. e: }"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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