I hear what the bloke says, but fuck me this is nearly impossible for any middle class family. 

Recently inherited a house. Taxman demanded ~15% of the house value in estate taxes. That’s north of 2 years annual salary saved up to pay the taxman. Good luck with that. 

There’s truth in what he says, but any regular family home isn’t worth the sacrifice to save up that much money for. Most people end up cashing in and spending the money, probably on stupid shit. Welcome to the fiat brain doom loop.