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Creative Solutions: How'd they do it?
' i! o* N B4 J- B3 `- HNothing says home like the living room couch; C- X: d6 m0 z) e! p( G4 Z
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Alexandra Zabjek
7 y* ^5 J3 Z3 D% H8 K9 IThe Edmonton Journal( y- O: f, G; \$ |0 H; i
& ]2 H8 Z X3 s9 j4 vSunday, May 20, 20072 j7 {7 b: W+ _, L! P; U
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8 e2 m& v; \; n7 C5 b) N# RStudent 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., O; X0 T( m# [7 R: i7 |5 K; K
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At Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.7 S) X& P8 K; A
4 V: I' _) x, }+ }# ALi 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.* q+ s- x# W E e" G% S
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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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x1 c) \( o0 l" h! T% VAfter spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom./ j E: p6 J, D( U- w. w) i, K+ l0 M
7 \' |; |& r$ u+ `3 m; u' N* gSharing 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.- x4 r- w! q3 q, x
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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.
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) z1 P# u- \& w& X M! @5 @"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.
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SOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE
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6 t7 F+ E6 T: J% p* IWhen 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.# z9 o) P {; _2 c% w
" ^/ C1 F- ]5 m+ i3 {$ w Z! {"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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% S3 n. C% ?) c; ]- ~' W9 vTheir tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.
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The arrangement has worked out well, especially because the tenant was already living in the house when they moved in and has proved to be a "fantabulous" tenant who often spends time gardening in the yard or raking leaves, says Crawshaw, 25.( k5 I; s% ]" f$ k+ d' K
. E# S0 Y1 \1 Z k+ a! _( jThe 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.4 b) {, o! g" j0 s( M2 g' A
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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."! r4 b2 T Z+ a% G# }
© The Edmonton Journal 2007 |
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