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Creative Solutions: How'd they do it?
5 @0 r( G; a& z: qNothing says home like the living room couch+ w0 T# q$ q+ ? y4 v
- E3 A- O/ m5 ^# v6 rAlexandra Zabjek5 z$ L& [+ c& i8 ]/ h* |
The Edmonton Journal
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Sunday, May 20, 2007* A( U' @% j0 K" O
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; B7 M" ~ r- Q H+ [9 {: {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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" n8 W5 ^1 y5 Z) nAt Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.
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3 Z* Q% f) s7 ]' BLi and Chadwick, both students, split the $600 rent almost evenly -- Li gets the bedroom for $325 per month, while Chadwick pays $275 per month to put his bed in the living room. M4 S( K5 B/ F, V4 t [$ s
- t9 D# P3 d2 L" [3 N1 @"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."
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After spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.' B, B6 O1 V1 J
9 {/ u+ C3 j3 JSharing a one-bedroom apartment is a common arrangement amongst Chinese students studying in Edmonton, says Li, who has been living in Canada for the past seven years. It's a big change for many of these students, he says.
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"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."
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Splitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.2 Z6 N, \, P2 M2 _ H9 ?) M
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"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.
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SOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE U/ i+ L, E0 D- u9 A9 `" u+ R
- Y) j1 }% b( l; CWhen Caitlin Crawshaw and her girlfriend bought a bungalow in Bonnie Doon last summer, it wasn't just the location that sold them on the 1950s era house. It was also the basement suite.# q% e/ s" S% A) ]# y. b" b
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"It wasn't originally part of our plan," Crawshaw says. "But as soon as we started looking at houses and seeing what the market was, we thought that maybe we should consider it."! U$ Y2 [5 P4 l) K+ U$ H
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Their tenant pays $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.
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7 i5 B; f" Z k) c; h3 W1 bThe arrangement has worked out well, especially because the tenant was already living in the house when they moved in and has proved to be a "fantabulous" tenant who often spends time gardening in the yard or raking leaves, says Crawshaw, 25.& \ Y+ Q' b9 _- l8 }. {
6 @" X0 d( {# Q0 U# {The downside, however, is the lack of space. The couple and their two cats share about 750-square-feet on the upper floor of the house.
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+ i0 B9 m& b% U$ f; S"It would be nice to have more space and to have another bathroom," she says.5 X# C1 x: s8 P9 r$ ?, j! h* X% _' [
4 S% e( R: G' d8 ?"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."7 R! Y/ m! l+ {2 C' }$ d
© The Edmonton Journal 2007 |
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