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Creative Solutions: How'd they do it?" Q) ^0 U7 T, T! x U( M
Nothing says home like the living room couch( k/ L9 g# s9 M8 T: ^3 R
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Alexandra Zabjek
5 O, ?0 Y0 l% N# p% iThe Edmonton Journal
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Sunday, May 20, 2007
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) g8 r# p# b* U) ^/ P. h9 J PStudent 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.8 u2 B% X1 o2 m2 U; i$ O
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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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" x6 q$ i; B* F$ N) lLi 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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5 |1 x6 c) n3 q2 X; }"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well.": t, o/ _/ r6 \! D/ T5 ~: k% O
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After spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.+ v7 J% z! x9 w- B: s4 t1 N; n
3 \; W" w; i1 ^, ]Sharing a one-bedroom apartment is a common arrangement amongst Chinese students studying in Edmonton, says Li, who has been living in Canada for the past seven years. It's a big change for many of these students, he says.
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"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."
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Splitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.4 N5 Y- y" d4 e$ l7 z3 ?- V
0 Q, N! b6 I; ?3 R1 C1 B"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.
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+ U# P9 Z) ?2 h$ T ^4 KSOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE# V5 L3 M n2 c; P
% Y1 P! H* B. k1 r9 n' K; J- G/ vWhen 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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# F" B5 e) M9 F1 q" A! dTheir 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.( A6 I6 K. r, W: s* D A: h
4 y; |2 f8 L+ K# C8 ?* f5 {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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& w9 @1 D3 z. \) f" f2 V/ M! _$ N"It would be nice to have more space and to have another bathroom," she says.
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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."$ _' V! w0 J" Y) ~/ |( f
© The Edmonton Journal 2007 |
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