Since this is HN where pedantry rules, I'd like to point out that half of bikes being stolen every 6 months is actually a 75% annual theft rate, not 100%. But

Since this is HN where pedantry rules, I'd like to point out that half of bikes being stolen every 6 months is actually a 75% annual theft rate, not 100%. But I do agree, this is way higher than basically anywhere in the world except a few metros which are crime hotspots.