Our Car Was Attacked! Is Property Crime Increasing?

Money For the Rest of Us

J. David Stein

Investing, Investing Podcast, Business, Economics, Economy

4.5 • 1.4K Ratings

🗓️ 13 September 2023

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

David shares how thieves recently tried to smash and grab his luggage from his car while he was still inside it. He then explores property crime trends, whether they are increasing or decreasing, and why.

Topic covers include:

How thieves have stolen luggage from the same gas station multiple times per day
What have property crime rates been in the U.S. over the past few decades and since the end of the pandemic
What are reasons property crime rises and falls
What is inventory shrink and how is it impacting retailers
What can we do to reduce the risk of being a crime victim

Show Notes

Chevron Oakland Hegenberger Rd—Yelp

Myths and Realities: Understanding Recent Trends in Violent Crime by Ames Grawert and Noah Kim—Brennan Center for Justice

Reported property crime rate in the United States from 1990 to 2021—Statista

Pandemic, Social Unrest, and Crime in U.S. Cities: Year-End 2022 Update—Council on Criminal Justice

CATALYTIC CONVERTER THEFTS NATIONWIDE SURGE ACCORDING TO NEW REPORT—Cision PR Newswire

What the data says (and doesn’t say) about crime in the United States by John Gramlich—Pew Research Center

Oakland’s crime rates are surging. Here’s how they compare with S.F. and other Bay Area cities by Susie Neilson—San Francisco Chronicle

OAKLAND NAACP CALLS ON POLITICIANS TO CRACK DOWN ON CRIMINALS—California Policy Center

Money under the mattress: economic crisis and crime by Eleni Kyrkopoulou, Alexandros Louka, and Kristin Fabbe—SSRN

What Caused the Crime Decline? by Lauren-Brooke Eisen—Brennan Center for Justice

What’s Behind All This ‘Shrink’? by Jordyn Holman—The New York Times

Retail Theft Costs US Merchants Like Walmart and Target $100 Billion a Year—PYMNTS

Retailers battle nearly $100 billion in shrink by Jason Straczewski—National Retail Federation

2022 Retail Security Survey—National Retail Federation

US Retail Workers Are Fed Up and Quitting at Record Rates by Devin Leonard and Diana Bravo—Bloomberg

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Transcript

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0:00.0	Welcome to Money for the Rest of Us. This is a personal finance show on money, how it works,
0:05.6	how to invest it, and how to live without worrying about it. I'm your host, David Stein.
0:11.0	Today is episode 447. It's titled, Our Car Was Attacked. Is property crime increasing?
0:18.6	About a week ago, La Pronae were attending a family wedding in the East Bay area,
0:24.8	lovely event, and as we were returning our rental car to the airport, we got off the highway
0:31.4	near the Oakland airport, and I stopped at a chevron station on Heganberger Road.
0:36.8	It looked like a clean station. There was a choice between two to choose from.
0:41.0	I filled the car with gas and got back in the car and was getting ready to start it
0:45.8	when we heard a giant crash. It startled us, and then we heard another crash.
0:51.6	La Prouh looked and yelled because there were hands reaching into the back of the hatchback
0:57.4	of the venza that we rented from Fox Renacar. Two hands trying to steal our bags.
1:03.4	I immediately jumped out of the car without even thinking, and yelled, get out of here.
1:09.8	I ran around the car and the thief by then jumped into their escape car, and they took off
1:16.6	without actually getting anything. There was glass, obviously all over our luggage.
1:21.4	I get back in the car and La Prouh says, oh, we should we call the police?
1:24.6	No, I'm getting out of here. What if they come back?
1:28.6	I saw them drive around the corner. It was a great car.
1:31.4	Tinto Windows, I didn't get the license plates.
1:34.2	So we drove to the airport and dropped the car off, reported it to the attendant there.
1:40.8	When he saw what happened, he basically could tell us exactly where we went at that chevron station.
1:46.4	I asked him how many of the cars that visit that gas station that return there have their
1:53.4	luggage stolen or their window smashed. He said 80 to 90%.
	...

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