As a consumer, the cost of ownership is now slightly to significantly higher over the total lifetime of the software, depending on how often you upgrade. Cost aside, for me it simply doesn't "feel" right to rent software.
As a producer I've put my money where my mouth is. My companies software used to be purchase only (https://www.rackforms.com), though we did add a subscription model around the same time Adobe made the switch. However, I did not, nor will I ever, remove the customers ability to purchase outright.
Just because recurring revenue is good for me doesn't mean it's right for my users. In fact, my "purchase outright" option remains more popular.
I believe if Adobe actually gave users a choice they're data wold reflect mine. They've certainly lost me as a customer until they change course.