I didn't base my opinion on the value of the bicycle. The value was mentioned because it was already a topic, and as a rule people are more protective of a $2000 bike than a $10 bike.
My point was that the tenant was aware of the security breach and chose not to secure their property because "there was no other place". It's a bike. It's a valuable possession. You know it's not secured. Secure it if you want to keep it.
That doesn't excuse the theft, but I believe it shifts liability from the building owner to the tenant absent any restitution from the thief.
BTW, I own a Schwinn Traveler that I paid $15 for (and have put countless dollars into since) which I live and ride several times a week. I secure it in my barn.
Because some of us are slower than others