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Creative Solutions: How'd they do it?0 M3 C. N8 J2 c1 X5 d
Nothing says home like the living room couch
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" ?' M( E" t, e8 GAlexandra Zabjek
. y1 ?5 @' k+ F2 z5 F8 Y% Y- hThe Edmonton Journal- |9 U* M& H6 j/ i W/ j$ W
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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.
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5 K3 b. c! Y" H$ ]At Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.6 ?' G( T+ }8 q3 l3 ^# C7 z* n
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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.
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! v1 E0 i6 Z9 H3 R8 }* h"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."
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After spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.: O4 t% l* [0 I5 h" M
4 `6 H7 E; Z3 {! RSharing a one-bedroom apartment is a common arrangement amongst Chinese students studying in Edmonton, says Li, who has been living in Canada for the past seven years. It's a big change for many of these students, he says.
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4 }) B0 b$ | Z"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big.") p& D& x0 b6 m8 J
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Splitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.. r5 \0 T$ K* r( b5 ~# J0 B8 Z
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"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.1 }$ o' K: `% E) i' I/ ?
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SOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE
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. R: K- t \6 B' E$ RWhen 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 $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.
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The arrangement has worked out well, especially because the tenant was already living in the house when they moved in and has proved to be a "fantabulous" tenant who often spends time gardening in the yard or raking leaves, says Crawshaw, 25./ T5 D- x' T) @3 ?$ a' N
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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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* t8 W) ]# s8 ?% h1 o3 c"It would be nice to have more space and to have another bathroom," she says.. p* c" M/ R3 x0 E z1 i
9 N) n. o2 }( c. ?3 a"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.") K& T3 x4 l' C) M3 |8 @$ ]
© The Edmonton Journal 2007 |
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