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Creative Solutions: How'd they do it?
# \2 l/ e4 [8 i) S: LNothing says home like the living room couch
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' {8 o9 l; [1 w/ z" {Alexandra Zabjek
3 L2 U% a! K1 Z- hThe Edmonton Journal3 q2 W& K% r7 C0 U M
- ?# Q: n ^* f3 o: g/ i: B: F/ WSunday, May 20, 2007( Z5 [8 P( _0 U7 }4 X" L* A
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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.& h$ E! ^0 V2 [
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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& H/ S/ l. a; E1 s- x8 w
- i8 F4 H+ k. P$ t) P* ULi 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.% s4 ]+ q Q" {2 m
( ]& L" `1 t% T. K: N9 l"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."/ z# d( i' a' T; j3 \, u% \
C; v9 M0 S; XAfter spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.' C$ y+ W, ]& F0 ]' b/ O# _
! y9 A. `4 m& R: M- aSharing 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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8 `- O$ W) E$ _5 v, _/ g( y"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big.", L/ E. U" K6 Z i) q. t
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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.9 o$ {' v9 H p' b
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SOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE( M G z+ ^, k/ a( T
7 d8 F1 J5 h' [+ w3 \7 iWhen 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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5 i* P/ ^1 q; d7 p- v3 p"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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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.( g2 r) X% X: W! y4 T# \; L4 e2 V
8 p6 N* o2 D3 B4 F7 R! K% L"It would be nice to have more space and to have another bathroom," she says./ s8 N1 \2 ?6 o0 X; L+ M
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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."
# B7 }; p' g: d( [3 i; Q' {© The Edmonton Journal 2007 |
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