I'm with you, but then again I currently live in a nice neighbourhood where something like "serial packet thiefs" are considered a "low-impact black-swan event", as you say.
Not everyone is so lucky, and I'd wager that many folks would be happy to "automatically purge nuisances" if all it costs them is some sidewalk privacy. I would certainly make that trade-off if I lived in a dodgier environment.
I'd rather people actually got involved in their neighborhoods and formed or joined a real Neighborhood Watch group, rather than letting some AI handle it badly, or outsource it to some faceless company.
At least if your neighbors screw it up, there is an avenue of redress. Plus, outside of TV shows, few bad things come from neighbors getting involved in their neighborhood.