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Creative Solutions: How'd they do it?( g$ k" }0 q) q9 s% R2 ~- s
Nothing says home like the living room couch
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0 T" P# m x% S; {# P& P xAlexandra Zabjek
$ |+ ?; {, _4 aThe Edmonton Journal! Y7 D5 _; m3 C6 E) l- b2 z6 J
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Sunday, May 20, 2007% N, {4 b/ s9 I& y8 p
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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.' h0 I- A% I1 g
) C/ L" B y- w9 ^& s( _3 _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. v u) ?: J( U) t" S
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"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."
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) n( ?* D6 R' p$ pAfter spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom. N1 ]1 b' }+ `5 B$ E
6 `! T7 D; f6 V2 v8 kSharing 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.# s3 f- ? e6 \- y0 _
6 Y) f o, u0 E$ L/ H"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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L0 {9 [9 B2 R$ pSplitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.8 d0 @/ | k& @0 t+ [
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"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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2 S# H* ^* J% ^% d3 zWhen 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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+ `" S" {8 T/ X' J3 F, f, _"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 $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.- N& ^" `" o* `5 f
! b# B8 w( w9 V* PThe arrangement has worked out well, especially because the tenant was already living in the house when they moved in and has proved to be a "fantabulous" tenant who often spends time gardening in the yard or raking leaves, says Crawshaw, 25.
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The downside, however, is the lack of space. The couple and their two cats share about 750-square-feet on the upper floor of the house.% _/ X. C" ~, |9 P# @8 A* X
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"It would be nice to have more space and to have another bathroom," she says.) c9 @ V5 H( j. t! a; J6 S
7 ] a9 ^3 u4 V: I$ g. Z5 O y"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."' G1 r& ~8 }: h. M/ `- {
© The Edmonton Journal 2007 |
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