Who Steals Bikes?

Someone I used to work with who attended MIT once told me he used liquid nitrogen to break a lock and steal his bike back when he discovered another student had stolen it and locked it somewhere else on campus.

Why do bikes get stolen all the time? Here’s a really great post by Priceonomics explaining who steals bikes (most commonly drug addicts who target any bike they see, and professional bike thieves who target expensive bikes and resell them online), and why they steal bikes (stealing bikes is easy, and the consequences are “near zero” because the police don’t consider it a priority, and when a thief is caught stealing a bike, he/she is usually let go on probation).

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