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Creative Solutions: How'd they do it?' i' J9 E! A& G/ e$ q7 o% S2 _
Nothing says home like the living room couch1 p8 h! g) P7 `. [( M4 `
3 ]+ A! S2 O: q- z4 L) h ^7 m! D. VAlexandra Zabjek
$ X" `2 d! ]2 J" U8 X1 n0 @# N9 ~3 h; LThe Edmonton Journal
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Sunday, May 20, 2007
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5 t9 K; K2 @6 U6 @' p* oStudent 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.
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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 $275 per month to put his bed in the living room.' V! N$ U! z1 b- B& t6 }$ F+ s
' L! u5 t3 e6 W: S/ G3 |"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."+ _9 f/ w J e& ~8 C8 f
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After spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.- a5 n. Z4 ]. k+ f7 D
" Y( s. f8 \* }- l7 nSharing a one-bedroom apartment is a common arrangement amongst Chinese students studying in Edmonton, says Li, who has been living in Canada for the past seven years. It's a big change for many of these students, he says.
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6 H" k+ g9 t5 I N% \9 Q0 P u) a"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."( Z& G& `" ]+ A2 a! i
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Splitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.
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"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.# B! U% M+ G0 g' V9 \* r; X! t+ }, o5 F
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SOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE# v& g6 ?5 J& B* V) g4 ]
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When Caitlin Crawshaw and her girlfriend bought a bungalow in Bonnie Doon last summer, it wasn't just the location that sold them on the 1950s era house. It was also the basement suite.
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& h+ V5 l; E" j" X' {"It wasn't originally part of our plan," Crawshaw says. "But as soon as we started looking at houses and seeing what the market was, we thought that maybe we should consider it."$ _( A1 D& O0 O7 W2 L) T, C7 O
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Their tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.2 J$ ~/ Y6 I& J2 x* H
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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.# u6 ^4 B1 Y6 P
+ n) U: O8 |# S @* @1 K; ZThe 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.) ~9 m. h: {+ k! N/ o; q; \4 _
9 Q) w! S; ?$ m- c7 }"It would be nice to have more space and to have another bathroom," she says.! ~. G8 H( H! Q: U. H, E
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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."0 q9 U' T* Y: J
© The Edmonton Journal 2007 |
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