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Creative Solutions: How'd they do it?
; I9 n$ d$ N2 VNothing says home like the living room couch
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Alexandra Zabjek: X: E+ F; n" t" k+ \* J$ h8 \: {
The Edmonton Journal+ @/ C) `. W3 }9 t# ?
3 C8 X9 p( F! b% X" |6 SSunday, May 20, 2007
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7 o# { G3 z. U) }% {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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* @6 E: v: G6 r! s5 {6 q1 }! _At Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.
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. G9 k; E, ?1 KLi 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.4 n* R7 ^3 t6 M4 A
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"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."
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8 p5 y* P0 ^# w% [. G% l" D) FAfter spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.2 U' `2 S( x& j
" v/ i/ I* R; L3 @1 |4 F* X$ kSharing 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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5 f/ j# u; [6 p! H"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./ C/ {7 J) w% [4 x7 l
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"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.
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SOMEONE 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.+ O' ?$ K3 H4 \. [
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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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- W7 K2 s7 Z3 s; F4 y+ eTheir tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.
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3 [, o" U5 [, |9 I+ RThe arrangement has worked out well, especially because the tenant was already living in the house when they moved in and has proved to be a "fantabulous" tenant who often spends time gardening in the yard or raking leaves, says Crawshaw, 25.$ U' w( `, m2 o/ D5 j
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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.3 |# |7 g- ]; A. U$ z& U$ ^
- E' X* d; b7 W: `3 \ }"It would be nice to have more space and to have another bathroom," she says.
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' J; k" U4 P. X( h" H6 Q"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."9 p+ |; [6 I& `( m) b
© The Edmonton Journal 2007 |
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