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@col_has_been_fixed
Its all relative Seth. I have friends in Tx, and if they had a £400 bike stolen they would not blink. They have loads of dough. Also depends how what type of place you rent re space. A lot of bedrooms in London are less than 150sq ft. However if you have a few bob you can get a larger room.
Hackney has a bad rep. My Warehouse was there, and basically anything that moves is fair game. We had staff that nicked as much as the public.
Now the good news, you can have a total riot on an old bike here. So maybe one shit /beater for the pub, and maybe a nicer bike if you think you want to take a bit of blighty back home to the best country in the world...(USA) keep the nice bike in your room (and locked)
That way you can invite nice girls (or boys) up to your room to see your bike. Enjoy London biking is a great way to see the city. Welcome to the mad-house geezer.