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Creative Solutions: How'd they do it?
1 N* ]/ z8 p. y4 oNothing says home like the living room couch8 t1 K( j5 W# r/ s: t; i4 s
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Alexandra Zabjek
; z( P* d$ h/ m0 G9 ~8 f7 AThe Edmonton Journal
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% J C$ \) Z) z7 l4 U# P; C7 x8 k$ I( SSunday, May 20, 2007: v* m& e% |5 w& [+ E
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( R4 \1 ~ n- a: wStudent 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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5 h6 g, G4 J( R- Z/ |5 m3 G) fAt Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.
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# f- w4 w9 x. XLi 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.1 p0 Z/ J! M& K( f
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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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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.; ?& q/ y+ ] N7 ~! d
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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."3 @9 t% Z) V2 u* v+ G8 B* X8 r
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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./ r9 B2 d# y( ?% W0 X# Q
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SOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE
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& w' C; A# n/ r6 D& uWhen 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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: k5 F6 U& l; q/ h) d) [4 Q3 d1 A"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."5 Y- I D9 F: A7 A4 k8 @% E
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Their tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.4 N1 \ t+ O, S
; k) i1 t# N( EThe arrangement has worked out well, especially because the tenant was already living in the house when they moved in and has proved to be a "fantabulous" tenant who often spends time gardening in the yard or raking leaves, says Crawshaw, 25., M5 `) e5 [( } r s/ @; s$ l
5 U5 H. D8 Z# Z* W8 q5 CThe 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.
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; Q C# w! }+ E6 R: {/ 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."
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