Eh, that kinda sucks. If you learn to read it, it can be a bit cool to see who's where. But I would say the majority of graffiti in my city is at minimum a little doodle, and often full blown murals. If that's not the case where you live that is indeed a bit ofa bummer.
Art? Where I live the overwhelming majority of graffiti is just a few letters forming meaningless words... Like even if it was art, no one could appreciate it because no one could understand it.