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Creative Solutions: How'd they do it?
5 Z3 P F# ] a$ f- ]Nothing says home like the living room couch- M, p% T1 i" M. x9 L! f
- A# a- F) }: H' K) aAlexandra Zabjek
) r7 s3 C0 M' O" rThe Edmonton Journal& M! I5 F4 ^0 D8 m: C+ e
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Sunday, May 20, 2007$ [- i% f& X% P0 h C# J% k" \
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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.$ H( Z6 Q* c% d" y( o5 z
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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 $275 comes into the picture, it works out quite well."
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4 a. N* z. u, AAfter spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.6 F% {: b! g3 B8 l6 r3 f4 K& A
1 v& p+ a: _& q W0 E* ^Sharing a one-bedroom apartment is a common arrangement amongst Chinese students studying in Edmonton, says Li, who has been living in Canada for the past seven years. It's a big change for many of these students, he says.7 R) j: b$ D' I) r* l# B Y
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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."# k- m% X' J" q. n
. {2 S( s$ Y, M- {Splitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.
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. n( U4 K% n* D0 Y6 Z"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says./ T# _$ S* z1 Z6 w8 k. _
' Y/ X( ~. b) FSOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE
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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.. @: u8 |* k5 d |
4 x3 c s# x' w0 p' Z' r* o, G"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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Their tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.
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# X4 S/ o2 i1 l+ c8 s5 P* G$ |; y( R+ JThe 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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/ H: b6 M/ e$ R8 O) 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.5 r0 M2 |8 T6 }" K 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."8 f5 T* _& ]7 n: a/ w- V
© The Edmonton Journal 2007 |
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