Sorry for causing the thread drift. Problems in Denver are multi-faceted. There's a big organized crime problem, targeting high-end bikes. Geographic location combined with a population that prioritizes outdoor recreation, combined with top-down law enforcement directives have made it a lucrative epicenter for bicyclre-specific crime. But there's also a big and growing problem with smaller-scale, local property crimes. Politics, funding and the inability or unwillingness to prosecute means that thieves operate with no fear. Problems exploded after the Pandemic. I don't think the current economic situation is going to help.
Giant chop-shops are set up in the open; clothes-lines are strung across bike paths, more and more homeless camps filled with bikes, brash daylight lock cutting, scaling multi-floor apartment buildings to take bikes off of porches; private garages are scoped out and targeted in the upper-end neighborhoods. Many of the brand new, still-unfilled urban center condo and mixed use developments are plummeting in value as residents try to unload and flee. There are literally hundreds of bike thefts a day at times. It's still a fun place to explore by bike, but you have to be smart. You can't, for instance, sit at outdoor bistro seating in the cherry creek neighborhood with your bike unlocked 10 feet away in a bike rack, because someone will grab it and be gone before you can hop over a rope to catch them. And I mentioned the REI parking lot, right? An unattended bike on a car rack won't last more than a minute there. You still see thousands of bikes in places like the RINO district, but I think they're mostly beaters, and even those get stolen. Ask me how I know.... :-(
I hear catalytic converters are becoming more popular, so maybe that'll take some pressure off of bikes.