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Creative Solutions: How'd they do it?3 n; C A7 Z. N4 Y1 L
Nothing says home like the living room couch; l/ X( @1 ~0 O8 X
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Alexandra Zabjek
' K! `1 l% k' c& R- {- ~+ {The Edmonton Journal
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5 i/ ^6 I( E2 s$ W9 R; B, ^0 XSunday, 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. q H- B3 I' R
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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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( ^$ X$ |( Y3 p' n! iLi 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.6 n1 y/ o( c. A4 \9 m
! M9 k/ V) R3 |: v# ^( M8 ?3 b"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."' t# T1 n" c4 \' l1 J; [6 r& I
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After spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.
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+ h. \, s1 {0 l- r" v4 Q8 mSharing a one-bedroom apartment is a common arrangement amongst Chinese students studying in Edmonton, says Li, who has been living in Canada for the past seven years. It's a big change for many of these students, he says.
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"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."
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8 y' s6 c$ b6 M0 cSplitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.
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, F5 E! g/ d1 |2 W"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.7 z; O0 s9 B9 J- }' a! F
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SOMEONE 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.
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5 v& y+ f/ G, o9 Q"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.3 s6 j" n+ V; k: V: h) a
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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.
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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.+ ^! F9 r8 E1 _8 R9 D |
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"It would be nice to have more space and to have another bathroom," she says.
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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."
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