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Creative Solutions: How'd they do it?/ z1 u2 w( ~- u6 I3 C' @5 f7 k1 r
Nothing says home like the living room couch
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' ?! O$ [ w8 [2 d Q/ UAlexandra Zabjek
9 ~, \ J, i9 s0 l/ |) w$ q( zThe Edmonton Journal7 R8 H, w5 M/ `/ G2 r
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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.4 n$ M* h1 y9 E1 i! V R
5 X: k' _7 @0 f. ZAt 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./ O. ^( f1 A# K. C. K
0 H( N9 B. H3 o6 P"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."9 q m/ B6 B$ ~! h4 P2 Z
% N# x7 z: ?5 k I6 J; f) IAfter spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.' q9 V: u, _9 o! |- H/ d+ a4 _/ q* C
! {$ R( |7 _; 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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"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."( y& g3 q' X. Z- W' c; w1 u g
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Splitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.8 E3 Q3 q1 H. z* N
, C$ V7 W* w: Q. m& ^4 I* u9 `"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.) E# c4 ` {% O/ [- p. [* K
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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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"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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4 L' A8 [) O) u }" W# v4 W( wThe 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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"It would be nice to have more space and to have another bathroom," she says., C* ]# L0 l( [5 h
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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."! I, _' Y- ?1 F
© The Edmonton Journal 2007 |
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