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Creative Solutions: How'd they do it?
4 f# i3 D3 f. |) i, HNothing says home like the living room couch* J& {: }5 o( m& \4 z _# I
$ Q+ U% f! g ~- T8 E8 a* z/ r9 AAlexandra Zabjek
4 M0 x4 P8 K0 MThe Edmonton Journal+ \, o+ ~- `2 c( s" K
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Sunday, May 20, 2007& r' ~5 H5 _2 R# K3 N3 h: }' ^
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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.
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% z/ s9 x7 `+ [7 yAt Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.! ^9 p% i8 v5 L
& N" `( f, B0 E5 @) c1 {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."
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1 @+ n m V* aAfter 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.6 g- t0 R5 `. b6 A- [7 O, g3 f6 a
9 j. i& w6 ~- Y# F"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.% b" m! s3 j6 ?- T8 V5 l
$ m. S% x3 h6 ^, K"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.6 {* T/ e* E$ N" d! L0 l" _
9 J i; p$ q9 t {8 |# d$ x/ @' lSOMEONE 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. U3 O1 o0 m4 M* a; }; n
* r) Q) K, {( w! v+ J1 D4 R5 \- E- U"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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& A* W9 Y; H8 X) E$ fTheir 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.; \( y7 n4 W0 R' V& d7 B* x4 _
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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.$ ~0 o" V7 H- M# J
- P' ~- W* C& j# }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 m; c% G s, G9 R1 D! ~6 ?7 \' U
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"It would be nice to have more space and to have another bathroom," she says.) O$ f: [5 z' w; f/ s5 F' i$ S
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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."
+ U! i5 e8 f4 M: j9 o- x# R" d© The Edmonton Journal 2007 |
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