Anybody else prefer investing in small cities with no growth?

[Aaron Hollingshead]

I invest in a small city that's had a population of 45,000 for the past 50 years.  Appreciation is slow, houses sit for a long time on market and there's not a ton of industry in town.  While this violates lots of conventional wisdom about where to invest, I absolutely LOVE investing there!  

Homes can be purchased off the MLS for a great value, simple things like a quartz counter top can put a house miles ahead of the competition, relationships go a long way and best of all, there's very little competition from other investors. Does anybody share my enthusiasm for these types of cities?