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Creative Solutions: How'd they do it?
% a6 @0 @7 R( v' P+ Q YNothing says home like the living room couch& M7 M' V5 [( i( ]9 A; i4 G
! A3 ?: Z+ q% S9 [' P* mAlexandra Zabjek
- _6 \! L9 B" L' \' N- R, DThe Edmonton Journal
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5 f% r/ S5 {$ Z6 G# {Sunday, May 20, 20072 B, N& A, V+ ]+ | {/ O
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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." k' y, K- W* |
, S) N6 L& O7 v+ u( lAt Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.
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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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# \% k+ D5 @" R"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."
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After spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.8 f2 w- ^8 ^$ {# d$ y! u
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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."
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Splitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.
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Z2 ^$ p9 y5 y: ~1 ^( f"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.& Q- n9 R5 S5 L6 x p
( K* v$ G5 C% `5 y5 QSOMEONE 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 R; E3 N1 z; `' x5 }8 e4 n
# i9 ?, k( r9 U6 c"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 $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.- Y: D3 e: S; s3 `$ D
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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.3 @. u7 ]- m! ^% J) L4 |3 A
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"It would be nice to have more space and to have another bathroom," she says.
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5 b; X3 Q( j( b7 j8 P"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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