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Creative Solutions: How'd they do it?
: g' Z+ }1 v/ H9 o* dNothing says home like the living room couch
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Alexandra Zabjek8 `$ x5 l4 p' A
The Edmonton Journal' R: s2 f8 F/ }& F
% s7 N* T! T" m# B- E1 ISunday, May 20, 2007& }2 ~0 v/ B" p' L: @
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6 J( s4 ]$ |9 H& yStudent 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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1 D% e5 ]" ^& c2 C2 JAt Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.& w* x( @/ T, u6 L: ]
: ]& {6 l9 g3 v6 W1 ^Li and Chadwick, both students, split the $600 rent almost evenly -- Li gets the bedroom for $325 per month, while Chadwick pays $275 per month to put his bed in the living room.( N9 _! N$ p9 H5 o# `; R& f3 j; j
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"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."
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After spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.
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4 U7 n/ P, M1 {/ G2 L0 RSharing a one-bedroom apartment is a common arrangement amongst Chinese students studying in Edmonton, says Li, who has been living in Canada for the past seven years. It's a big change for many of these students, he says.
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"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."" j. G+ v! w( e
9 Q1 _; b: H% dSplitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.$ x5 u) o+ Q- X. `: _
: ~) m, M0 ]+ u$ Z' S"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.3 ]" m+ {3 |- U
% I6 t! a7 `! m* @7 sSOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE
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: I: e8 I% S. R4 TWhen 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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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.# Y/ U) h- D8 n3 q
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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.
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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.
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"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."4 G1 v% n. Y4 V# Q( L
© The Edmonton Journal 2007 |
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