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Creative Solutions: How'd they do it?
9 _& h" a! ?( R: A i3 q' z% fNothing says home like the living room couch
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Alexandra Zabjek8 L Z4 `2 |9 r% {7 U7 |! e- _5 x
The Edmonton Journal
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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.: x4 j! ^" L1 s2 s8 j, D
' o+ w5 g/ S: cAt Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.
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; b4 M/ D7 z X7 K, h( L& I% D, DLi 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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! ~8 I q7 O h, k4 y, g, h"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."
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: O" i9 Y0 A4 ~: fAfter spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.
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' _1 r! z$ f: xSharing 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.* C) n! z. S5 ^, D% |5 l! C
$ `# f$ `: G* R& t+ C. U+ |$ S"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."# c2 c8 h8 w& f; C4 \. `
- G4 t; s6 [5 g* H( P1 L' sSplitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.$ Z6 f2 p$ S, _7 `- l
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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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3 f9 u3 F; ]" E2 e5 i( QWhen 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."+ p9 `: V% B5 E8 x) Y2 k1 j
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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.
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% p1 P6 V8 I5 Y: s! }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." A S1 r0 N8 ~' b5 |6 o: b: m3 S
6 M/ G3 C) e; K0 ]" ]) T: b"It would be nice to have more space and to have another bathroom," she says.
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) T2 h: m+ A3 B! i2 _7 K4 `"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."1 @ P; K% e: s# m1 k! R: j) x
© The Edmonton Journal 2007 |
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