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Creative Solutions: How'd they do it?
( v/ i0 A7 N5 S6 \7 R3 YNothing says home like the living room couch# s# P, g0 `1 K5 _+ m" k b
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Alexandra Zabjek
9 M5 @! C# S. ]& u! YThe Edmonton Journal/ A; z4 s' G6 @7 V8 l& C
4 @- V, o" l! I7 V$ W7 bSunday, May 20, 2007) D) T, }2 L7 ~
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0 q! U$ Y5 K( qStudent 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.& j6 s" S" w1 H( Q! {
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At Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.0 V( y0 d% n w; T. ^. ]
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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 $275 comes into the picture, it works out quite well."5 D3 Q& ?9 ?$ Y- m& a! ^/ g
5 X" J4 w1 w1 C) A pAfter spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.5 `) L2 M. |) z6 m$ @& s) A* s( w
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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.5 r( q1 l: C6 w( K5 _- X$ Z" O: Y
$ N- k# s: A' a% f7 M$ i9 \- M"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."; V8 L4 H) f0 j
! P, b6 `, W4 y0 s i# i% jSplitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.6 u" l* I/ H' Z, o4 O( X" u
$ o( Y! ^. j+ ^3 C6 q* F"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says." B {/ q7 u* a8 P {
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SOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE. J% W5 R8 }: T3 q* y" C0 ?" h
5 r- h1 ]9 c2 ^4 ~( L6 VWhen 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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0 d& }3 T' |. ~! I# c/ q3 Q, bTheir tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.
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The arrangement has worked out well, especially because the tenant was already living in the house when they moved in and has proved to be a "fantabulous" tenant who often spends time gardening in the yard or raking leaves, says Crawshaw, 25.& s! k: ?. o( s7 R8 q; w
& t# I6 ?3 E) {& M" ?The downside, however, is the lack of space. The couple and their two cats share about 750-square-feet on the upper floor of the house.1 D# W9 W2 i8 ]& O: [1 O& n: T
9 B- Z2 ?' A* m, P" S E/ {"It would be nice to have more space and to have another bathroom," she says.
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8 l8 e1 _1 _( V4 w"But it does work out quite well. I don't regret it. But I don't want to do it for more than five years -- I don't think that anyone does."6 F7 b8 Q$ _. H) G( {" A8 s1 J
© The Edmonton Journal 2007 |
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