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Permalink Reply by Julie Aberman (Hochstadter) on September 13, 2012 at 6:41am

another piece on Priceonomics Blog - http://blog.priceonomics.com/post/30393216796/what-happens-to-stole...

"As one mom wrote in an open letter to the thief who pinched her twelve year old son’s bike:

It took CJ three weeks to finally decide on his bike. We looked at a brown bike at Costco, even brought it home to return it the next day, and a blue one at Target. But his heart was set on the green and black Trek he saw at Libertyville Cyclery. CJ knew it was more than we wanted to spend but the boy had never asked for anything before. You see, CJ had to live through his dad being unemployed for 18 months and knew money was tight. Besides, he’s just an all around thoughtful kid.

CJ didn’t ride his bike to school if there was rain in the forecast and he always locked it up. You probably noticed that it doesn’t have a scratch on it. CJ treated his bike really well and always used the kick-stand.

You should know that CJ has cried about the bike and is still very sad. He had to learn a life lesson a little earlier than I had liked - that there are some people in the world who are just plain mean. Now you know a little about my really awesome son and the story behind his green and black Trek 3500, 16-inch mountain bike."

"Bike thievery is essentially a risk-free crime. If you were a criminal, that might just strike your fancy. If Goldman Sachs didn’t have more profitable market inefficencies to exploit, they might be out there arbitraging stolen bikes."

Permalink Reply by Julie Aberman (Hochstadter) on September 14, 2012 at 3:28am

yes.  I'm going to close my own thread and bump up Lauras, thanks.

(By the way guys, if you start a thread, you can close it)

h' said:

I think that may be the one Laura posted last week:

http://www.thechainlink.org/forum/topics/npr-the-economics-of-steal...