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Creative Solutions: How'd they do it?
" j- \* z# }( ~: o- o2 \8 ^7 BNothing says home like the living room couch9 p* D' A! B8 \1 J# L
7 i* l7 }; X2 H) x. n2 o. p. k$ wAlexandra Zabjek
1 Z9 @% B8 q) bThe Edmonton Journal, Y5 t6 W( z9 B8 U1 r+ {- ]
2 Q5 L. C9 f2 r0 a1 N; ESunday, May 20, 2007
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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.1 {9 n" k! {# _5 O- r# L$ k0 a
8 O! V1 k" f; a9 g0 ~+ I% a, _At Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.
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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 $275 comes into the picture, it works out quite well."# M5 G$ V, q. a$ [ x, ?0 Y
! A P3 t4 u$ Y0 r1 r! LAfter 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.
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% l2 w( V* m' _& }, m o"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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$ r2 ]6 h% S4 W3 Q t3 _5 bSplitting 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.
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" D+ J! S! C. {, B3 h. bSOMEONE 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.7 t" s2 c# C0 V0 k8 w5 p% u& n
% j# b* w" Z, x* [$ p: c"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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3 L9 e: S5 G9 M. v0 ?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.. ~9 V3 ?9 a0 C7 | `' J7 Y. E
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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. c3 {0 }4 ~) y J: D
( x1 \( C5 O h+ l* r6 U4 A"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."2 g( V/ M, Q* h( x W9 H
© The Edmonton Journal 2007 |
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