• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
SuccessHousing crisis

Meet a Bay Area millennial who had to drop out of his race for city council because he couldn’t afford a local apartment

By
Colin Lodewick
Colin Lodewick
Down Arrow Button Icon
By
Colin Lodewick
Colin Lodewick
Down Arrow Button Icon
June 4, 2022, 5:30 AM ET

While the housing crisis scares potential homebuyers and renters nationwide, it’s particularly acute in the Bay Area.

The decades-long Silicon Valley boom, coupled with an infamous state housing shortage and a pandemic housing rush, have combined to make the region one of the least economically accessible in the U.S. 

Greg Magofña, 38, the director of development for a housing justice nonprofit, hoped to help change that by running for Berkeley City Council on a platform that prioritized innovative housing solutions. 

This week, he withdrew from the race, not because he gave up on his ideals, but because he couldn’t afford to stay in the city.

“It is with a very heavy heart that I announce that I am ending my campaign for Berkeley City Council,” he wrote on his campaign site on Thursday. “My roommate is moving within the year and I am now priced out.”

Magofña says that his roommate decided to move out after realizing he would never be able to buy a house in their downtown neighborhood. Using a home price tracker feature in the San Francisco Chronicle, he plugged in their address and saw the app spit out $1.5 million as the average home price in the area. 

“We both just had a realization that we have professional jobs, we’re both working hard, but there’s no way either of us will afford to stay,” he told Fortune.

The anxiety spread after he saw another statistic online attributed to a local real estate firm showing the median home sale price in Berkeley increased 19% over the past year, to $1.9 million. Online real estate marketplace Zillow reports that the average home price in Berkeley is around $1.7 million, representing a 15% increase since last year.

“It sends a message to people who don’t have that much money that you’re not welcome here,” he says.

Magofña says he lived alone for a decade before moving in with his roommate, a close friend from college, to combat loneliness at the start of the pandemic. With the friend leaving, he wanted to live alone again, but found that he couldn’t locate a single one-bedroom in Berkeley that fit his $1,500 budget.

“I’ve explored options and none make sense,” he wrote on his campaign site. “As a 38 y.o. director at a nonprofit, I don’t want a random roommate in an overpriced rental. I also cannot afford a 1 bd in the district, let alone in the entire city, without struggling and, at this point in my life, I will not.”

Though he spent his childhood in Hawaii, Magofña moved to the Bay Area in high school when his father, then an active member of the military, was stationed there. He says that his interest in housing justice began after college at UC Berkeley with a stint as an AmeriCorps volunteer in San Francisco’s Mission district. The organization provided him with a stipend that placed him right above the poverty line—an experience he says wiped out the little savings he had.

Observing the ways the city fails its residents that live both below and right above the poverty line, Magofña found himself wondering: “What kind of housing are we trying to build for the future?” The question has been his guiding star throughout his career.

One of his proposals, which he didn’t have the chance to formally publish to his site before dropping out, was to promote partnerships with senior homeowners to create affordable housing. The model has been instituted elsewhere in the Bay Area, recently in Marin County, where an elderly resident sold her $1 million property to a community land trust at half market price so that it can be converted into affordable housing once she dies.

Magofña says that though he’s worried that he disappointed supporters by dropping out, he believes he will be able to contribute more to the community after he settles into a new city that he can afford to live in.  

He doesn’t know where he’ll end up yet, and says he might leave California altogether. His roommate is going back to where he grew up, in San Bernardino, something that Magofña can’t do because his family moved back to Hawaii when his father retired and the military stopped providing housing.

“My parents don’t live here because it was too expensive for them to buy a house,” he says. “And this was 13 years ago.”

Sign up for the Fortune Features email list so you don’t miss our biggest features, exclusive interviews, and investigations.

About the Author
By Colin Lodewick
See full bioRight Arrow Button Icon

Latest in Success

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Success

Sven
Economybooks
This Harvard professor spent 8 years traveling the world researching the secret history of capitalism and how ‘marginal’ and ‘weak’ it used to be
By Nick LichtenbergJanuary 18, 2026
17 hours ago
Ken Griffin and Palm Beach.
SuccessBillionaires
Step inside ‘Billionaire’s Beach,’ where the world’s richest people are flocking to buy mega mansions and Donald Trump would be your neighbor
By Emma BurleighJanuary 18, 2026
17 hours ago
LaurenAntonoff
Successwork-life balance
This CEO has a ‘1950s family structure in reverse’—her husband does the child care, cooking and cleaning: ‘I do the making money and paying taxes’
By Preston ForeJanuary 18, 2026
20 hours ago
moreland
CommentaryHuman resources
Fortune 500 exec: College grads aren’t ready for today’s jobs
By Mary MorelandJanuary 17, 2026
2 days ago
The CEO of Informatica, Amit Walia
SuccessCareers
Like DoorDash and Google’s CEOs, $7.6 billion Informatica boss is a McKinsey alum—he says being ‘pushed around’ by smart consultants helped him grow
By Emma BurleighJanuary 17, 2026
2 days ago
Logan Paul
SuccessCareers
Logan Paul tells Gen Z they can turn any passion into a career—he’s turned Pokémon, YouTube, and wrestling into an empire worth millions
By Preston ForeJanuary 17, 2026
2 days ago

Most Popular

placeholder alt text
Economy
3 things Trump did in 24 hours to show that he's in control of American business
By Eva RoytburgJanuary 8, 2026
10 days ago
placeholder alt text
AI
This CEO laid off nearly 80% of his staff because they refused to adopt AI fast enough. 2 years later, he says he'd do it again
By Nick LichtenbergJanuary 11, 2026
7 days ago
placeholder alt text
Economy
Making billionaires illegal by taxing their wealth wouldn’t even fund the government for a year, budget expert says
By Nick LichtenbergJanuary 17, 2026
2 days ago
placeholder alt text
AI
Ford CEO warns there's a dearth of blue-collar workers able to construct AI data centers and operate factories: 'Nothing to backfill the ambition'
By Sasha RogelbergJanuary 18, 2026
17 hours ago
placeholder alt text
Economy
National debt is already killing the American Dream, says top economist—and it might push the U.S. into an outright depression
By Eleanor PringleJanuary 18, 2026
22 hours ago
placeholder alt text
Banking
'Absolutely, positively no chance, no way, no how, for any reason': Dimon says he'd never run the Fed but 'would take the call' to lead Treasury
By Jacqueline MunisJanuary 16, 2026
3 days ago

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.