To be honest he's not wrong. I bought my trad rack (widgets that go in cracks and carabiners for them) for around $2,000. Rope, shoes, helmet, harness, backpacks, etc on top of that is probably another $2,000 at most. Camping gear is another ~$1,000.
Most of this stuff (aside from the rope) will last for many years. Occasionally I'll lose a cam out climbing which is $50-80 to replace, but only happens a few times a season.
Compare this to skiing or mountain biking and you can see how climbing is a vastly cheaper sport.
Wut? Not expensive compared to what exactly? You know climbers are leaving material behind in mountains and trips themselves are expensive?
Why would "fit into backpack" be an argument for why something is cheap?