No, it can be used to profile you for stalking or burglary. This isn't an opinion. Security experts recommend avoiding Nest or Ring.
It's not merely about someone using your internet.
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If my neighbors' internet is down, my internet is down.
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That is only mostly true, and if it was true, why add such and insecure feature? In some places there may be two to four different KINDS of internet, though not all may be true broadband.