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Creative Solutions: How'd they do it?
, a8 _ G0 G) O. e) s0 t* LNothing says home like the living room couch+ D# p$ y( }& f% O
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Alexandra Zabjek' g6 u- Z5 L: j/ J
The Edmonton Journal( M2 G- q6 o+ |" O. m# F+ Q
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Sunday, May 20, 2007
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0 _9 e7 M+ B8 l+ NStudent 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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/ V9 d$ j( [6 xAt Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.: i* W5 `( d- V: }! ?; N
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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 $275 comes into the picture, it works out quite well."
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After spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.
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8 S9 }) y- j9 f& i* oSharing a one-bedroom apartment is a common arrangement amongst Chinese students studying in Edmonton, says Li, who has been living in Canada for the past seven years. It's a big change for many of these students, he says.8 v) `- Y$ W# e' V
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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."7 ~5 w- C/ v& ~, S) u) U
' X5 Z6 L/ g, B0 x! |' xSplitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.$ O; k! |* P( I) v2 }. ]
/ B' L* P" i" m: x6 W"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.
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: T/ x. A5 c5 A0 K+ ?SOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE0 b4 z) b6 \" {$ Z
4 V2 M$ x$ B9 v ?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., A4 M2 I+ y6 l" \' a1 o0 Q
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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."
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Their tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.; w. g6 E. f1 h6 \
4 r$ ?) S. T' _/ UThe 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.# r! _( Y# F! [
0 _0 t' S Z& B' d+ L; h. zThe 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.& P% O+ V4 ~5 W( X% P& |
3 v) L' o8 @$ |, t4 z6 h"It would be nice to have more space and to have another bathroom," she says.) x9 Z: w' ]$ {! ^5 s4 |1 T# _
/ c" _! G+ ~! d3 t"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.") n% J' m/ K, e/ d0 z& g
© The Edmonton Journal 2007 |
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