You don't need a Ring, you can set up your own IP cams and there is plenty of software out there. While I don't think it is necessary for everyone I've caught tons of stuff on video, including neighbors snooping in my back yard, cops walking around the property, neighborhood cats using the yard as a toilet, the county inspector doing a tax inspection, and more than one person walking up to the camera, seeing it, and then turning around. This was in an average neighborhood in northern California so YMMV if you live in a different area.
Yes, I have full ONVIF camera coverage of my property with local storage and s3 as a backup. If something happens including theft of my NAS i am covered. I don’t want to be afraid. I do the best I can. I accept 20/20 hindsight.