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Creative Solutions: How'd they do it?# l. {/ T: O' C7 h
Nothing says home like the living room couch
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6 V; }$ X3 J$ B" [/ aAlexandra Zabjek
b, n# e( m) K, {" P+ jThe Edmonton Journal) c; L x& J" e& S9 ~3 l k3 T
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Sunday, May 20, 2007
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7 v+ P7 c9 c9 j6 @1 {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.. B0 \5 R. p9 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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^* A4 s" G* T" m; m% q4 `8 GLi and Chadwick, both students, split the $600 rent almost evenly -- Li gets the bedroom for $325 per month, while Chadwick pays $275 per month to put his bed in the living room.
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' V$ P) W% ~/ x"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."% m( [" j% J; c' \+ O5 c' n6 ]
( u/ ^( E* J3 O% uAfter spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.
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Sharing a one-bedroom apartment is a common arrangement amongst Chinese students studying in Edmonton, says Li, who has been living in Canada for the past seven years. It's a big change for many of these students, he says.: A! r) p) x X& `# J
/ }8 A y, j/ T9 ^( J) l _"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."
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Splitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.: d z5 @% \ J4 B
5 y& ?9 U$ F! d"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.
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, m3 n% [' p9 \SOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE3 ]# @- L* O9 i4 V
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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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"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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& |6 ^) C- M7 z( `6 uTheir tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.
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The arrangement has worked out well, especially because the tenant was already living in the house when they moved in and has proved to be a "fantabulous" tenant who often spends time gardening in the yard or raking leaves, says Crawshaw, 25.
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7 ^6 X- |% f+ e* g; h; @ a3 o$ c8 @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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$ e) S3 A7 W: Q7 v1 S4 E"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."
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