There are so many bike owners here. Thought you might find this of interest.
The normal bike market is pretty straightforward — supplier, middleman and buyer. The market for stolen bikes has the same roles, but different players. Here's a quick look at how it works.
The Economics Of Stealing Bikes : Planet Money : NPR
By the way, some more bikes were stolen out of a backyard the other day. This time, Fitler Square area.
Thief Type 1: "Your standard drug addict."
For a heroin addict, Ruzzal says, a "front wheel is one hit, rear wheel is two hits, and a leather seat is three to four hits."
Thief Type 2: The professional
This is the guy who "comes around in a van with an angle grinder and he steals a bike by walking up to the bike wearing a bicycle helmet and a messenger bag and he actually looks like he owns the bike."