That's fair, but it's terrible for people like me. I hate not being able to own my desktop software.
I'm a hobbyist photographer, and I use Lightroom quite a bit. I purchased Lightroom 4.0 back in 2013, and it has been worth every penny, but now I'm stuck on version 4.0 forever because I refuse to pay a never-ending monthly fee for software that I use as an amateur.
I use Darktable now. It's an excellent open-source competitor, but it's not as good as Lightroom. I would gladly pay a few hundred dollars to buy a perpetual license for a new version.