A short, cogent argument why hosting your own cloud services is worth the time/effort:

Consider this, you carefully curate your playlists on Spotify but every now and then you see a certain song missing from your playlist. Same goes for videos saved in your YouTube playlists or other music/video streaming services. Then there is also the case of OTT streaming platforms where the show you were going to watch over weekend has now disappeared.

The author points to r/selfhosted and this awesome self hosted list as good resources to get started.