The Netherlands famously has more bicycle thefts per year than citizens. At this point you could almost think of cheap commuter bikes as public property.
People in countries where bicycling is not seen as a personality statement generally ride very cheap city bikes around town. Last time I bought one of those in college it cost about 30eur. Is not like in SF where people ride 3000 dollar bikes to work because omg you’re a cyclist now and this is your whole identity.
Here in the part of Canada I live in, you see some of the $3000 bike identity stuff, but most people ride something in the $500–$750 range. Something practical, comfortable, reliable, etc.
There is also a growing segment of people who use $5,000–$15,000 cargo/kid carrier bikes as replacements for their cars, which is cool. But I do worry about theft of those increasing. Right now I rarely hear of it, but it seems likely to increase. Even the motors and batteries in them cost thousands alone.
People in countries where bicycling is not seen as a personality statement generally ride very cheap city bikes around town. Last time I bought one of those in college it cost about 30eur. Is not like in SF where people ride 3000 dollar bikes to work because omg you’re a cyclist now and this is your whole identity.