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Creative Solutions: How'd they do it?
7 H% E) ?- M( q8 q& jNothing says home like the living room couch" t' o, a; r+ Q" v; |
7 {6 y/ \" a6 ^Alexandra Zabjek0 f* Q: z0 w0 I& Q( [
The Edmonton Journal% n! q# d- A5 A9 ?( h) |
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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., P9 d% q! C% k$ V3 o. W9 p3 t
) Z& K& i0 I, D9 I5 A. mAt 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.. }" u; W, z r/ t
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"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."
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8 O, _3 y' K3 u0 hAfter spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.
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Sharing a one-bedroom apartment is a common arrangement amongst Chinese students studying in Edmonton, says Li, who has been living in Canada for the past seven years. It's a big change for many of these students, he says.$ J$ _" W3 M2 ~2 y: O
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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."# E6 k9 X$ y2 `1 h' C4 t
( a ^1 F" Z# j* \, NSplitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.
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"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.( q, y# o3 ^ C& o+ K
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SOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE
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6 U8 N, t- q, |- w6 g: i5 }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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3 e& e9 Y p; y. C! X n"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."; b. \8 ?, b0 `- K4 e
) J) q! @" O, C+ ~ p$ f4 `6 ^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.+ W( q2 D4 {6 k* N+ K3 ^
2 F7 b. i0 i6 t. N% hThe 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.
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) q0 J3 C: D( a. S; |0 E" R"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."! x" Q# D' [: b1 f' d1 ]& q1 V5 \
© The Edmonton Journal 2007 |
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