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Creative Solutions: How'd they do it?5 K3 Y( J% }4 r# C. n% a% B
Nothing says home like the living room couch1 u9 W- f, q/ ~$ {, U: Y) C& b
$ S9 z, h) ]1 o4 _Alexandra Zabjek- m6 `' R& t9 ?% q4 |
The Edmonton Journal
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5 v& Q% q. `' j, n7 x \' TSunday, May 20, 2007$ f u% l4 F7 W8 d% u6 C0 L$ J5 o/ i
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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.. n# T' e# Y3 u3 R3 [
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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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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."
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7 ? Z; K" F8 E- [/ ]% Y5 q: wAfter 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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, i! @6 T9 K. g7 USharing 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.3 V7 U2 V( J# y a, V& g+ q
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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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/ V* h, I6 M' O! _1 R6 k% JSplitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.
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"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.8 c" ^9 d7 `% T3 ^; g( R1 k' Q* y( v7 R2 k
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SOMEONE 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.
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# f' \2 _ U0 P' 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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5 J( v' q6 H/ ?/ mTheir tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw." b ]7 {$ B. y# h, B$ \
+ V+ P7 ]- R8 p0 CThe 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) l; L% u4 _4 y
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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.4 G3 C: g2 |+ O# Q
. @( w$ i9 O2 B"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."" r- P0 \- {! c
© The Edmonton Journal 2007 |
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