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Creative Solutions: How'd they do it?" v' T1 n/ x7 w% r# R8 [
Nothing says home like the living room couch$ q& _* m" P, J% r T
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Alexandra Zabjek
% V8 k* t& v5 |- AThe Edmonton Journal- G7 {0 g! @/ |! T7 G( j7 P
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Sunday, May 20, 2007
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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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0 H G& [: I, o4 F- UAt Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.3 P/ l% a1 q2 V9 o- X$ z
5 ?7 _+ x4 ?. m( [- o1 v$ s5 yLi 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 $275 comes into the picture, it works out quite well."
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( T2 H) S$ g' I5 F# A) LAfter 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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. z& w$ _; o0 o9 U! U. X% ASharing 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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5 d/ j/ r3 g o/ y% u4 [9 }( H"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big.", s) L6 w0 E9 k* n, D, \( T# p2 a
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Splitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.2 Y. `: {) s3 H$ H$ X
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"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.3 j8 v' w1 E2 A% z. o3 `- E
- m Y+ T' l2 L7 S" K! FSOMEONE 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.) K9 G& L1 J. I) A
! L* i( Q2 e0 e5 K5 @4 J"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 $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.
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6 k0 e" o7 ~$ h% d* C8 y9 ]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.
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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.
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& K; [; Q0 n6 m# X"It would be nice to have more space and to have another bathroom," she says.
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! Z- O: Q7 y3 g8 A7 x"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."
8 I0 g6 D& T: s: \, b, p© The Edmonton Journal 2007 |
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