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Creative Solutions: How'd they do it?
* v7 Q8 s# ^( ? tNothing says home like the living room couch& Y2 h, a3 D; v
. N! N$ F! ?' p$ c% G: }6 QAlexandra Zabjek9 i1 B* X2 ^. N$ m2 }2 }) D' C3 A
The Edmonton Journal& z' u( p2 z' _0 z8 U7 U2 I, k
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Sunday, May 20, 2007
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; u" m3 k* q5 e6 `8 n# @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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* i- }- Y4 F& @" kAt Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.4 J9 W/ ^ u0 p# o& A4 E2 \
, J, W2 d* x; } s8 zLi 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.8 h9 E4 ]5 m# A8 z- B1 m
' I% H2 [- e5 h, }"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well.": ?- r) P- I2 `: |5 ~
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After spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.# C' O5 z) F3 p
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Sharing a one-bedroom apartment is a common arrangement amongst Chinese students studying in Edmonton, says Li, who has been living in Canada for the past seven years. It's a big change for many of these students, he says. D) B4 B! p# [3 {8 n9 J
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"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big.", `4 b. l V9 _0 G) h i5 {
9 L+ _" E3 D2 G( s) m* a( h4 [& Y4 dSplitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.+ N3 F$ X# a7 K# u, S+ Q$ Z
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"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.! j+ ~, ]) p, B8 `
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SOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE
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, n) @( c; P# O1 V3 D( X) DWhen 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 $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.
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The arrangement has worked out well, especially because the tenant was already living in the house when they moved in and has proved to be a "fantabulous" tenant who often spends time gardening in the yard or raking leaves, says Crawshaw, 25.3 U1 |6 \+ @1 z+ R& y) `: x. e
& k3 S# i, P! M7 T, m1 z# MThe downside, however, is the lack of space. The couple and their two cats share about 750-square-feet on the upper floor of the house., L) M) c$ x: R [' J) y
! U9 O$ X/ x9 F" f+ y! i; [8 s"It would be nice to have more space and to have another bathroom," she says.
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2 q0 X2 g2 T+ k; k4 n) |' z"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."
2 v8 y( f- r8 D# s' a© The Edmonton Journal 2007 |
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