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Creative Solutions: How'd they do it?
- C \; a' H& dNothing says home like the living room couch
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* [! q1 R. X0 e- Y8 `Alexandra Zabjek5 b' M/ d& z# @" d+ ?( X! o& z
The Edmonton Journal
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: B8 f- W0 `% l7 ~6 Z, Y1 HSunday, May 20, 2007) Z0 m. M1 @& b
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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.+ w3 E6 @2 [7 c0 a; L
2 s8 h/ w+ d4 Z5 }5 g, x. 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.& V2 Z/ T2 N; ~. `+ a0 r* I7 L
* l* B: T& C) h" l+ Y( k% s"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.
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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."- Z0 X1 o+ b0 R
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Splitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets., t: p' Q& U i. Y, q
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"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.
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! q' B* E! l5 KSOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE( ^# `' \' K4 {2 Q
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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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3 F* e x% E' y7 z"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."6 e _2 F6 s" I3 e/ F# P" L: I* ^
' V( m8 I. Q5 } G: U) \6 T, Y/ CTheir tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.
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$ O3 J% }% ~3 r4 G7 [4 l, nThe 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.
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"It would be nice to have more space and to have another bathroom," she says.' ^2 \( a3 b' O4 b4 F
4 I% i s4 W( S. |"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."+ q2 v6 y x& q( P
© The Edmonton Journal 2007 |
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