I also share your sentiment. Completely. However, I think you're also underestimating the risk of all or parts of your stuff disappearing or getting destroyed

I also share your sentiment. Completely. However, I think you're also underestimating the risk of all or parts of your stuff disappearing or getting destroyed in a house-burglary, fire, flood or another kind of disaster. I'm not entirely sure what the actual risks are, but my gut feeling is that there's a higher chance of losing what you physically own than for it to disappear or get 'updated' as a digital / for-rent product.