Hardly, he's just saying that since the odds of burglary are quite low(maybe not everywhere) and on a downward trend,[0] and since he doesn't have anything that

Hardly, he's just saying that since the odds of burglary are quite low(maybe not everywhere) and on a downward trend,[0] and since he doesn't have anything that is particularly irreplaceable, he's not going to be too concerned about burglary or take excessive precautions. And even if you did have something 'irreplaceable,' sooner or later it's going to be gone or transformed, it wouldn't hurt to incorporate that into your present awareness. [0]Pretty sure I heard something like this recently. One factor postulated was that since the price of consumer electronic items and whatnot typically targeted in burglaries has been falling, the risk/'reward' calculation of what a burglar would find in an average house versus the risk of being caught and going to jail is serving to deter potential burglars.