Compassionate Capitalism: Transforming Detroit's Housing with Michael Scherer

Last Life Ever

In this episode of the Last Life Ever podcast, hosts Jeff Holst and Jillian Sidoti interview Michael Scherer, a real estate investor focused on affordable housing in Detroit. Scherer shares his journey back to Detroit, involvement in the city's recovery from bankruptcy, and his commitment to changing lives through housing. He introduces the concept of compassionate capitalism, emphasizing the importance of providing affordable, quality housing while still achieving profits for investors. Scherer's approach includes not only renovating properties for affordable housing but also integrating essential services like food access, healthcare, and education to support community well-being. The conversation highlights Detroit's entrepreneurial spirit, the potential for scalable, socially-conscious real estate models, and how listeners can get involved in similar ventures to improve housing and services in underserved areas.

00:00 Welcome to the Last Life Ever Podcast

00:23 Introducing Michael Scherer: Changing Affordable Housing

01:17 Michael's Journey: From Detroit to Compassionate Capitalism

02:06 The Spark of Change: A Story of Compassion in Detroit

07:47 Understanding Class A, B, and C Real Estate Investments

18:25 The Mission: Housing as a Cornerstone of Life

24:14 The Future of Compassionate Capitalism

27:49 Connecting with Michael and Atlanta Capital Group