All said, respectable - "live with almost no property at the cheapest rate available" is not terribly bad advice. But again, I think even following that advise would be a higher cost for lots of people in many places in the world.
But is that really the world we want to build? "Okay everyone, aim for the bare minimum?" I know I've been lucky in my life and haven't had to struggle often - but I don't think it's unfair to assume that everyone should be able to enjoy luxuries from time to time.