I think the most realistic concern with regard to setting booby traps would be the possibility of retaliation.
Let's say your neighbor gets a punctured tire or tires on his ATV. He's going to know who is responsible, right?
So you go out on a cold morning and head out for work. A tire on your vehicle goes flat. You find a couple of screws in the tire. You know who did it, but can't prove it.
Was it worth it? Not to me, but that's just me.