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Creative Solutions: How'd they do it?
$ u) Y* g% c3 Y8 E* A( B. kNothing says home like the living room couch
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Alexandra Zabjek
; x2 J. g% w& ^1 G6 p; t; @) YThe Edmonton Journal7 z4 W) d J- ]- Q9 M* h
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Sunday, May 20, 2007
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) ] S! _7 }& A6 Q5 ?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.8 H! b& ]6 b+ q* L
: f9 I9 Z+ ?3 f, ~2 S: jAt Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick. x( F# Y" ~* @6 X/ p
$ k/ O" S9 E6 M) S( o8 g7 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.
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% `: v( @8 k7 {"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."3 B; u" Z* H0 R9 _2 Z9 f( F
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After spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.; A* i, G, Y+ _' F
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Sharing a one-bedroom apartment is a common arrangement amongst Chinese students studying in Edmonton, says Li, who has been living in Canada for the past seven years. It's a big change for many of these students, he says.; D* ~1 K6 F2 [. A8 i) E
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"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."
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Splitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.' G1 G$ Z: u& G9 R& I
! f3 ^% m2 o; P1 F4 A' r2 `"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.
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6 h5 ? Z! ] _+ g+ u, Y" l; rSOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE# _+ `/ G# \- U5 J" Z u# V
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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.
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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."( m* z( z. V/ @% d% R
8 D% R. X4 h% _) A n. K( v) aTheir tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.. m7 \% Y3 ?* e
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The arrangement has worked out well, especially because the tenant was already living in the house when they moved in and has proved to be a "fantabulous" tenant who often spends time gardening in the yard or raking leaves, says Crawshaw, 25.- v, A* R2 M& m S( [: g" I
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The downside, however, is the lack of space. The couple and their two cats share about 750-square-feet on the upper floor of the house.1 G) x; L# C/ I5 H; s
5 _9 L. p. ~1 b; ]+ ^. Q( f"It would be nice to have more space and to have another bathroom," she says.
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$ M. d# h: S5 a% f& q& F$ P, w"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."" I9 T5 J- A3 @7 C5 s+ T4 t
© The Edmonton Journal 2007 |
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