Not having to deal with hardware is nice, and I don't think having datacenter grade internet access in your basement is realistic for most.
And if your whole region has a problem, which is more likley to happen than one might think, then you want a multi-region setup e.g. us-west-1 and us-east-2, and then we can start to calculate the numbers of nines, unless your username is ocdtrekkie, he can beat AWS with a single NUC while he is sleeping.