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Creative Solutions: How'd they do it?
. `( U9 O& K6 `9 e, Y( @: CNothing says home like the living room couch7 m4 n5 O) U$ R: U% B0 d+ _
! R2 b [! x5 j) T8 f- c- ZAlexandra Zabjek
+ m3 J/ [5 I3 z4 p; t2 S& _+ OThe Edmonton Journal* U9 |4 Y! O9 P# _6 c/ K
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Sunday, May 20, 2007$ {" ?! P5 w) f8 @( }9 B
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) B5 q+ i6 Q- j; s A iStudent 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.$ I9 o/ T7 ~2 c# K, R1 O1 T
9 a% s7 }* z$ }! z2 I, A* Z* w3 S9 yLi 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 $275 comes into the picture, it works out quite well.": X$ o5 Q7 Z4 r7 |' G
+ D9 F1 C9 o- x# [$ rAfter 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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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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"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."1 R4 j3 o" M5 g: K9 U. Q; e' i
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Splitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.- }7 }- i9 \8 B( |4 a! w
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"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.- U* W& n9 ]; @
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SOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE6 N0 [7 `3 a- K3 X3 ~* d/ h' M( U
7 J1 e+ C/ Z# G; |) c, rWhen 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.. J) I# _/ T j2 P+ i0 j
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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."2 `6 E( u9 k- Y
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Their tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.! J6 T# L: E4 A
6 r" g- a9 p7 v3 @3 b$ w: ~9 z; |6 uThe 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." k, K' w8 ]) V
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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.$ t* \* p) Q- y( O) A1 p
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"It would be nice to have more space and to have another bathroom," she says.2 E$ C4 b* Z3 S' o1 E
$ i+ o, w1 ~. ?8 N& @"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."
! d5 H* ^* u R' J0 y© The Edmonton Journal 2007 |
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