Real asset prices have had a historic run this year. As the government goes into further debt, the relative value of the dollar decreases resulting in an increase price for housing, equities, precious metals and even bitcoin

"more dollars chasing fewer goods" is the classic expression. Its obviously highly simplified.

Landlords will have increased equity in their buildings which will offset any rent arrears so will continue to enjoy the government supported risk-free rental income as they always have

Tenants will likely be shafted

Increased equity doesn't pay the mortgage. So they have to sell to realize that 'increase' to offset their rent losses. Everybody sells - prices go down - landlords lose out as well.

Nobody is winning here.