They don't even have to sell them, but their mortgages will be eliminated.

And taxes won't adjust until the house is re-sold. Property taxe sis also an American thing.

The thing that people mis understand is the thought that everything about inflation is bad, but there are also good sides to the story. Anyone with debt profits and anyone with cash hurts. Since few people have cash and everyone has debt, it's a good thing for most these days.

You can easily exploit this situation by take on debt, buy assets such as houses or crypto ir stocks and the eliminate the debt by waiting for inflation to kick in.