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Creative Solutions: How'd they do it?
% M' n& {) v# _/ V C8 M$ A0 xNothing says home like the living room couch
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# l6 ?/ ]) r" N8 b5 T9 rAlexandra Zabjek% J2 k5 A. n# K! f
The Edmonton Journal f* k: ?# z8 H) s b' g
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Sunday, May 20, 2007, s3 @: e3 A4 D& J
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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.
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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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% B; {# C4 g" C( oLi 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.: ]) Y) ?! \( x8 s' M
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"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."
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% U8 S* i( l5 g% I8 R$ YAfter spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.1 d! _4 Y% h, }: `3 z) X8 k
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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.7 F) b* X% y: G
' }# B" `) m8 m3 O4 p3 i"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.* s9 H6 J+ X7 L# a# y9 _, l
: g$ L# f* C! y( |6 k! n. r8 ^"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.% r6 Z. A/ y- J) O
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SOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE
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" h) l; @2 v. E1 w3 O- R4 hWhen 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.# c* E( z- A6 v7 b5 _1 G
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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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" G0 }6 k# T) @$ E8 }6 Y& s8 S2 NTheir 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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1 i2 ^1 A8 I% N/ r; z, I, g) 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.( \6 j6 @( r, s9 n5 {
W/ M" w d1 J7 J/ O' ~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. j/ x9 j X5 H3 w Z2 B
C& q/ V: L0 e# ^; I) M"It would be nice to have more space and to have another bathroom," she says.
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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."
* h7 F" X1 s' ^1 ^+ F0 [* C/ M; c© The Edmonton Journal 2007 |
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