> While a stolen bike probably isn't that valuable, what matters is that in most places, there's basically no chances that you will be caught.

> And I'm not kidding about the absence of enforcement and low risk of stealing bikes. Here's a NYT journalist filming himself stealing his own bike in New York City to see how people who see him will react. You gotta see this to believe it. He even uses powertools and does it near cops.

https://www.treehugger.com/bikes/underworld-economics-what-h...