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Creative Solutions: How'd they do it?/ F, C4 T9 X+ f/ f% g
Nothing says home like the living room couch9 E; Z% t. E& |* L1 ]( m: X
[8 r& O0 M8 b/ P8 e0 XAlexandra Zabjek- Z" |( w& ?. ^! J9 c
The Edmonton Journal2 R* B( G+ t2 f: ^: p. x @
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Sunday, May 20, 2007/ p; [2 c b% R/ h7 l
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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.: m- U! u& a9 G* O6 O9 I
" q' [" S) }/ i% P: d7 MAt Steve Li's one-bedroom apartment near NAIT, the living room is a bedroom for his roommate, Bill Chadwick.
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$ w2 ?) N2 @; j% y6 M" x; DLi and Chadwick, both students, split the $600 rent almost evenly -- Li gets the bedroom for $325 per month, while Chadwick pays $275 per month to put his bed in the living room.$ U1 A$ b/ R; F
' C- O. S# C' W1 E; q1 d8 C"I receive approximately $700 per month (in grants) to go to school," says Chadwick, 32. "So when $275 comes into the picture, it works out quite well."
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4 O8 q; a# K8 P1 PAfter spending time couch-surfing with friends, Chadwick says having a "defined space" is great, even if it isn't a proper bedroom.
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Sharing a one-bedroom apartment is a common arrangement amongst Chinese students studying in Edmonton, says Li, who has been living in Canada for the past seven years. It's a big change for many of these students, he says.
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"The people who can afford to send their kids to Canada to study are quite rich," he says. "(Their) apartments in China are big."5 s' P. d9 [% E# M c+ J% W/ a e
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Splitting the rent on a one-bedroom apartment, however, make things much easier for students with limited budgets.; w6 A6 L+ i6 U7 G2 S
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"I wouldn't say (it would be completely) unaffordable, but this way it's much more economical," he says.
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% h% l! [! D9 n) r! YSOMEONE IN THE BASEMENT TO HELP PAY THE MORTGAGE4 ]. e3 D% H6 G
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When Caitlin Crawshaw and her girlfriend bought a bungalow in Bonnie Doon last summer, it wasn't just the location that sold them on the 1950s era house. It was also the basement suite.' K) _# _$ n J. T; j( Y
" R3 |/ M, b7 x J; ~/ h4 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 $500 per month for the 750-square-foot suite. The money helps the couple pay down their mortgage more aggressively and provides a cushion in case either loses their job, says Crawshaw.
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6 l6 Q- o9 x6 s9 `0 l$ }9 AThe 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, 25.9 y }$ z, e. V
8 C- }& C) [- y5 jThe 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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( M$ G7 H j$ W9 C4 Z+ N( ` ]"It would be nice to have more space and to have another bathroom," she says.
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+ ?, |9 T( ]( m: `; a+ Z* v"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."
- a( f0 ]6 R9 s. u4 `/ L5 B8 ~5 z© The Edmonton Journal 2007 |
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