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Creative Solutions: How'd they do it?
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6 x& @' {1 V" _% [' bAlexandra Zabjek& J. T: @/ X: Q4 w; {$ I
The Edmonton Journal
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q* d9 q8 P; dSunday, May 20, 2007& u% R2 V1 m' D
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5 K8 m6 Y: u% X2 ]$ b! K+ cStudent 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.: r# m, H1 k; t7 J$ r
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At Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.# s% `& _6 c! L, S
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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 $275 comes into the picture, it works out quite well."/ K. ~! q0 S, Z* z
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After spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.
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" P" F/ u! E5 \/ }Sharing a one-bedroom apartment is a common arrangement amongst Chinese students studying in Edmonton, says Li, who has been living in Canada for the past seven years. It's a big change for many of these students, he says.) y: o4 G0 j+ E! D4 R9 Y: K
2 E: V; ~- {5 M7 V! |"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."
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" I7 T! y, A! R+ Q" B' MSplitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.$ F- {8 L. o2 a3 O* o
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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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( j8 J3 E6 V3 h$ x( B" d8 z [2 J; uSOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE
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+ x% J; a' i% q$ e. PWhen 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."
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Their tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.
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The arrangement has worked out well, especially because the tenant was already living in the house when they moved in and has proved to be a "fantabulous" tenant who often spends time gardening in the yard or raking leaves, says Crawshaw, 25.
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The downside, however, is the lack of space. The couple and their two cats share about 750-square-feet on the upper floor of the house.
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"It would be nice to have more space and to have another bathroom," she says. s/ V7 W- K6 o$ o1 E' K
5 ]& j; V7 {! ~. a"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."
5 l7 c' e0 g5 W© The Edmonton Journal 2007 |
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