Earlier quoted context omitted.
"It may go down" vs. "Save X hours of dev" Depends what you're building, but likely a good trade if it's an MVP. At $30/mo you're already ahead if it saves you 1 hour of dev time. Most of the time, I don't want control over my infrastructure (boring, low value); I'd rather focus on building features (fun, high value).
And at least when I host stuff it still goes down at least from time to time and I have to put in additional time to fix it. You need to put up significant resources in order to beat a dedicated team running this. Many companies can do that. Many can't. Even Twitter increasingly runs into problems with site reliability...
Also, you don't know the team size behind this service, as I mentioned in my original comment.