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@minimal
God its so depressing reading about the bike thefts in London. Ive had one stolen ( Hackney) and another attempted (left the frame twisted). they werent v expensive bikes - about £100 second hand - but its still pretty shitty to find a twisted D-lock in place of your loved transport. The bus ride home after loosing a bike is awful.
thing is, with a birthday coming up soon i'm debating to spend money on good fixie - but after reading this thread I'm wondering wether i shold just stick to cheapo bikes that are less likey to get robbed - and when they do - at least i havnt lost so much financially.