While this works, at a certain point it starts to make more sense to use something like Nextcloud.
That seems like a different use case from what I am after, which is safely and redundantly storing secrets in plain sight. I don't put random things in my password store, I put passwords and other sensitive or easy to misplace files that I will likely want to find later.
I agree that you'd be better off storing most of your files on a file server. But that's a different thing, in my opinion.