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Creative Solutions: How'd they do it?, `( |& L* j+ Z- s4 y
Nothing says home like the living room couch5 N1 C7 Q* |7 F- F' ~
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Alexandra Zabjek
* S/ c$ }6 K3 ]- O, vThe Edmonton Journal
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Sunday, May 20, 2007& x9 C8 h2 l* P* N4 k% u
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1 f; e; R* {: \7 U3 ~- 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.( p' M0 H9 I5 K5 r& x3 d6 q
5 c+ s" `1 _& x6 x6 t L! bAt Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.
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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.9 \' o0 Z6 c2 k" t5 p8 g+ c9 Z9 E
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"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."
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After spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.6 X2 T) A8 t9 K8 k3 J, J
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Sharing a one-bedroom apartment is a common arrangement amongst Chinese students studying in Edmonton, says Li, who has been living in Canada for the past seven years. It's a big change for many of these students, he says.# }; S- X, ]1 k4 S
+ s k% Y. d+ z7 V. U& V1 M8 N"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."
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# T: [: |( R) M# k+ B. ESplitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.
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$ @6 a7 |3 x7 i1 b3 C"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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/ \" M" h) m3 y0 Y3 f. `- dWhen 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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"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."9 |! X/ t" E6 x
+ g n( w2 l5 ^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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' T" H4 ^& w, o# q; g) gThe 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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5 w/ F+ o4 z1 ~3 h; k6 gThe 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.- I+ f( `' L6 S" r' }* }8 y
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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.". ?8 L; R) F# _, e3 O0 }
© The Edmonton Journal 2007 |
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