To me it seems like a bike flipper as well. No problem with that. Hope he make a good business out of it.
But, that does seem to make it harder to find a good deal. Folks out there scanning the landscape looking to buy up any good deal so they can flip them.
Again, I don't have a problem with the practice, it just makes it harder for me to find what I am looking for at a good price.
I suspect that folks who make a living off of stealing/selling bikes probably don't use Craigslist so much. I would think that would make it to easy for the original owner to find their bike. I would guess that most stolen bikes are either pawn shopped or chopped up for parts.