Except inheritance comes when you need it least: late middle age, when the house is already paid off or close and there's little time for savings to compound before retirement.

Paying for (most of) your children's education is a much more effective form of inter-generational value transfer: it comes at the time young adults face the greatest expenses relative to their earning power, and lets them reap the benefits of a high-end career without excessive debt (so they can actually build wealth).

But if housing is treated as a more disposable asset (which is presumably less efficient in many cases than updating and remodeling) the cost of that decreased efficiency comes from somewhere. Perhaps from a grandchild's college fund.