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Creative Solutions: How'd they do it?
9 K2 l+ b/ r& Q6 i. O+ _! Y$ D' iNothing says home like the living room couch. _3 Y" u# O" m3 B5 [) ~
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Alexandra Zabjek
, X3 @/ J! A( B" L0 wThe Edmonton Journal! S3 O8 f' ^+ D7 H+ p6 `
# j" y/ C4 T' y& YSunday, May 20, 2007. i: |% j# K7 y5 o9 d- V
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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.4 M( F7 r9 n! G* Q* [8 u
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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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3 C) s; j5 e! h* |Li and Chadwick, both students, split the $600 rent almost evenly -- Li gets the bedroom for $325 per month, while Chadwick pays $275 per month to put his bed in the living room., j7 o! i: f; _: i" r6 J( t j7 A
; L$ B$ ?$ G/ ~* f; k"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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/ z0 M7 u0 c9 r2 M o: p" b l7 YAfter 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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5 @9 |- B! G6 x3 mSharing 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.0 a7 u/ d4 o O- |' D" z' o
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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."6 f1 b( C" _" \
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Splitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.3 y% G s* |( z
% _1 i# b, b7 x: q"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.
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% R3 S3 U8 N; [, ^* RSOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE
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( Z' S. Q1 R' G& g6 Q/ @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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0 t! d9 u5 K0 H: I% W! g7 z) Y9 p9 R+ ]"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."9 E/ z8 j! H) _/ M
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Their tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.
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9 O2 n: \8 N3 z6 @+ m. E2 sThe arrangement has worked out well, especially because the tenant was already living in the house when they moved in and has proved to be a "fantabulous" tenant who often spends time gardening in the yard or raking leaves, says Crawshaw, 25.
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# G6 |9 F% T( u8 c3 y QThe downside, however, is the lack of space. The couple and their two cats share about 750-square-feet on the upper floor of the house.2 p& U' G# u* j0 s" ?1 |
' B* i7 ~7 } W) ]"It would be nice to have more space and to have another bathroom," she says.
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"But it does work out quite well. I don't regret it. But I don't want to do it for more than five years -- I don't think that anyone does.": M. K0 z0 J5 A$ y
© The Edmonton Journal 2007 |
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