No it might not be good news for borrowers but they can always...

No it might not be good news for borrowers but they can always sell up and downgrade if they've borrowed too much, the people that really suffer are the poorest third or half of the population that have no assets and basically live week to week or so, they've been absolutely smashed with all this inflation, the rich end of town and big business love it as asset prices rise and company revenues rise and the biggest winner is the government because it increases tax revenues so much.