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Creative Solutions: How'd they do it?
3 J) ^/ X' p, YNothing says home like the living room couch
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Alexandra Zabjek) ?$ z, t' \& v, d M6 a8 t% K* ~3 j
The Edmonton Journal
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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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At Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.
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- D/ y6 A( e4 f2 h% TLi 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.' d7 p v5 s7 ~5 M/ V3 n
# X* z& C9 ?5 m u# P2 b3 B8 @"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."
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5 Y$ U& K9 N- g* e# OAfter 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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Sharing 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.; A! b: N7 b4 P1 |7 ]4 s
% M5 j7 I4 L& k"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big.". M( I* H( H# d4 I3 X
% X3 n6 ^+ u6 M/ J: d6 X! fSplitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.
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! W" V* Q) W6 m O0 l5 p) X2 ^ x"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.- |0 k2 |$ r5 W; e! l
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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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[& k+ f$ g& ?. X* r! f0 C9 w+ C8 S' e"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 $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.
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The arrangement has worked out well, especially because the tenant was already living in the house when they moved in and has proved to be a "fantabulous" tenant who often spends time gardening in the yard or raking leaves, says Crawshaw, 25.& q' V# [6 y9 O/ e
% r( P; C: g2 ]3 IThe downside, however, is the lack of space. The couple and their two cats share about 750-square-feet on the upper floor of the house.
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9 l6 {! A$ _4 o2 A. B- o"It would be nice to have more space and to have another bathroom," she says.5 C' i3 u$ D1 Q8 w1 `1 m
$ h. x3 X# J3 I, j" Q* n"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."0 o7 w# s! P7 d R9 S8 x# C
© The Edmonton Journal 2007 |
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