LA Times has an article about how poorly bike locks don't protect expensive bicycles
from professional thieves armed with handheld battery powered saws or bolt cutters. The obvious solution to bike thieves? Cheap bikes not worth stealing. Typically, a thief goes after the expensive one
, pretty, made from carbon fiber and worth selling for better money. An old rat bike? Not so much. They'll go after the highest dollar bike they spot first. That makes sense. Its worth more money and recoups the risk involved. Most bicycles sold at flea markets are stolen, and cops have better things to do than deal with a fence for stolen bicycles, even if it's easy. I've managed to avoid having my bicycles stolen over the years by only having cheap bikes, not showy enough for a Fence (seller of stolen goods) to offer much for them. So learn from this. Ride old bikes, ratty ones. You'll spend less, lose less if they're stolen, and its easier to replace them when needed. I suppose a truly evil bike thief would steal from the same person twice, since the new bike might be better. Or is that wrong?