I personally would want both options. I use mylio with many similar features and it has e2ee but you manage your own space / cloud and your still paying a mont

I personally would want both options. I use mylio with many similar features and it has e2ee but you manage your own space / cloud and your still paying a monthly fee. For the non nerd friends, managing your own cloud space is mostly a non starter although. The best choice is cloud storage managed by the provider as an option, along with the self hosted option.