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Creative Solutions: How'd they do it?
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Alexandra Zabjek: f- i0 h0 v8 p8 x' b, u; Y
The Edmonton Journal
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% i2 r$ e7 K) Z$ q. j+ 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.
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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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- h! n; e' S/ ~5 ]% d: FLi 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.8 j2 \: c; P, {6 E- F) y9 K
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"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."
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' t/ K+ |$ q5 ~After spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.* \9 r1 Z' F+ B0 Q0 v4 k6 V
* c, N! n, W: t$ U" D2 H" c DSharing 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."* {% |* z8 j/ f! [# g& o# a
6 d% {. a9 p; R4 G- K8 HSplitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.
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% d; r6 W$ a3 e0 x"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.% a- y( r! `" z e; \- b
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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./ ~9 C6 Y% }$ i& b& Z/ w
1 n' Q" z) a4 Q: N 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."- y9 L( \! [8 s) x7 w2 K
* |; b$ u& _& \/ o0 [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.; m0 P. l4 p. r7 U1 W
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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.4 m* ]) o, T+ ^( b0 }* [
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"It would be nice to have more space and to have another bathroom," she says.! I4 a# j* m. h( J
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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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