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Creative Solutions: How'd they do it?1 Y* t8 K0 u6 b; q9 C O
Nothing says home like the living room couch
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Alexandra Zabjek- c1 h4 e5 Q" K2 w' t6 [
The Edmonton Journal
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Sunday, May 20, 2007: B' J* \- k+ R) Q
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( Z. \2 U/ J) S% r% \* }3 ^. NStudent 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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7 p4 w+ B4 v+ {7 Y1 S8 mLi 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.
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"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."
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After spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.
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Sharing a one-bedroom apartment is a common arrangement amongst Chinese students studying in Edmonton, says Li, who has been living in Canada for the past seven years. It's a big change for many of these students, he says.5 d0 ?/ g$ C T8 f0 `
) M# _& Z& C$ o# b* H* d"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."7 x, L* z' ~& @
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Splitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.8 H. G# e# q0 d, f P# U" S
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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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" N: v2 b B6 Q9 S# T' ~9 a: B' vSOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE; y2 x* s9 I% o$ F3 f, v/ f
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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 $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.6 }1 w- Y& k9 V+ k
6 o$ m4 R" w0 NThe 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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% u {& C, L! A5 {3 x/ ?! S& tThe 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.* f4 @0 Q1 j, |1 f, X5 w6 ^
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"It would be nice to have more space and to have another bathroom," she says.7 Z4 ~( M7 Q! [' m# V: c& s
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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."( m& {- J$ N( N1 n i! D1 P6 U1 ^
© The Edmonton Journal 2007 |
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