So unless you have an active strategy that can somehow find value and you're also willing to ignore all the things going on right now that may ultimately lead to a major correction (like several hundred billion dollars in double digit coupon debt from developers in China), I would agree with the title of this thread.

Most of our debt is to China, and our children will keep paying off interest to our Chinese overlords

Problem there is currency manipulation, for example China pressing their currency down vs USD.

There children then attend university and live in the houses while the parents stay locally, or live in China. 

My research suggests that most Turkey companies buy some junky foreclosure for pennies in a B-(or worse) neighborhood, do a poor quality rehab project(because hey, after all, it only has to look good to the out-of-state buyer, who'll likely never know that the drywall is from China and is spewing fumes, along with the cheap laminate which offgases enough formaldehyde to start your own chemical factory...) and THEN the Turkey co. says, wow- all I have to do is price this over retail and promise easy returns, and some out of state buyer will fall for it.

The truth what I gather so far is that the rule cannot be fully applicable all over America;  just look for the decent communities who life blood businesses went to China, and you would find people who are trying to bring back communities.

China is certainly the next frontier!

Trumps China Trade War hurt importers (I am one, trust me it hurt us bad). 

They have gone up since last year from $2,100 and $2,800 due to less shipping from China.  

There is a recession in Asia and one of our biggest trading partners China is dragging down growth throughout the region.