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Creative Solutions: How'd they do it?* v) n# k" _* k' l
Nothing says home like the living room couch& F% \. V$ i, `" Q8 K% q
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Alexandra Zabjek E! x1 ]+ M5 e) [" b, \* q
The Edmonton Journal
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8 I. V6 M) g0 U3 M# @5 Y5 L$ vSunday, May 20, 2007
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- w! H9 ~4 `1 `" c7 o3 {. GStudent 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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At Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.
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1 D: {- x0 E% u' o$ H( LLi 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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' r3 j' y) Y# [# ]"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."9 i0 U9 f, J7 E- F/ U4 f+ D
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After spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.
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3 g1 i7 l" w% ~$ zSharing 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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: L$ @( _: W# y: @; F7 e"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."8 m9 J5 ]& n S+ J |+ T
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Splitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.& }" f& R# V+ E/ J$ B% S
}! Z. l4 X. S3 m ?"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.- W! J8 H! Z6 z- A5 c! M
* R7 W- h6 C& j2 p: K# V' X2 Y2 S# JSOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE8 x- w" d) x* U- B2 g; w$ O) _$ ]
/ M# _/ s* E3 z; R' m; vWhen 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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& l5 O ~3 r$ \% j) x* ]& b2 i"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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" |# `0 i& z2 c( D+ G5 h* JTheir 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.( R" v6 x) O7 s( m; ^% W
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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.. [( x( ]! S: Q) @5 u
$ c, U. |4 |/ n9 H; hThe 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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. w- i% w$ o8 A, A) P+ e; }4 p"It would be nice to have more space and to have another bathroom," she says.0 S6 A b. [3 ]2 l% c* ?
) d: L4 Y$ W- y' 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."
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