Not unless you have livestock and crops... in which case you'd be tied to the place year round. People fantasize about many things, but I don't think this would not be suitable for most vagabonds. If you are looking to set up something for the "zombie apocalypse", don't forget the high strength electric fence with razor wire, land mines, and lots of guns and ammo... and plenty of spares of all the gadgets you'll need to run, along with the know-how to repair them.
Smartest thing my Dad did when he took over the family farm was "no livestock". Gave him at least half the year off.
I know a cheap place with a great (by US standards) year round climate, good quality water 300 ft down, little/no codes, etc... less than 30 miles from a very popular growing town with all the "stuff". It's not hard if you look.
Just a note on water... it's the farming and ranching that is taking it... not the "drought". All of this was allotted during a relatively wet period, and the profitability of essentially "free" water for these activities keeps rising. They suck up all they can get, and in the SW it is not unlimited.
If I decide to homestead, I'll get by on what falls on the roof. It'll be a lot more water than I use while camping.