They can't take your house and give it to the mayor's mistress, even if they pay you for it. But they can, apparently, take your house and tear it down to make room for a development of trendy shops and restaurants, a hotel and so on. ↗
Don't get me wrong, I think bikes are terrific. I own several of my own, including a trendy mountain style, and ride them for pleasure and light exercise. ↗