When it comes to companies I mostly support cloud these days but when it comes to me and my family I accept every downside and host as almost all of our digital lives in a 42u rack in a gutted closet in our house with static IPs and business fiber.
I know where our data lives and no one can access it without a warrant and my explicit knowledge. I also save myself several hundred a month in third party cloud provider fees to host the same services and can reboot upgrade or repair anything whenever I want, but in general no more maintenance than cloud servers . I also never end up with exciting bills when experiments are forgotten about.
You pretty much get all the pros and cons of home ownership. For me it is mostly pros. Also keeps me dogfooding all the same practices I recommend to my clients.