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Creative Solutions: How'd they do it?
: Q$ Q/ A1 `% G; b3 yNothing says home like the living room couch8 R: t! V$ l* Y' o) D* e
# v* O( `& T5 }! bAlexandra Zabjek
0 \: e7 F1 U/ x' \The Edmonton Journal
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, c5 h) k" B0 a/ eSunday, May 20, 2007$ [# E0 W, A, O( _! s& b2 K
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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.8 Z# P& H- v" N- y
4 r7 e. |& a2 j% U4 A& ^' SAt Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.
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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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"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."( [% }2 {" Q/ a
0 b( w) q( }: }After spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.5 b I" O1 |6 ~: O- I
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Sharing a one-bedroom apartment is a common arrangement amongst Chinese students studying in Edmonton, says Li, who has been living in Canada for the past seven years. It's a big change for many of these students, he says.
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! G3 r3 g* v- N1 d"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."
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Splitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.
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"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.+ R0 `, t$ m* I& O/ f d6 W$ K# W
2 ~6 Q7 K6 Z* }2 b& CSOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE
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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.- w) w. C; C2 g* d" x# ^2 f
9 s! H) ]) {- }8 n0 h, B"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.
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! D2 b! Z: `* N* o2 k) r* z" qThe 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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"It would be nice to have more space and to have another bathroom," she says.
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4 j& j7 y0 P7 \+ o8 {"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."
$ n9 s+ N& p V4 `. I© The Edmonton Journal 2007 |
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