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Let them laugh. Self hosting is much easier with OSS that solves most of the pain that made the cloud transition worth it, and commodity hardware has been cheap and capable for over a decade.
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Sadly these relatively recent price bumps on hardware have made on-prem a bit of a harder sell for some.
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My company just did this. Still using AWS S3 but everything else is on-prem with kubernetes.
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That sounds insanely expensive. AWS S3 only makes sense if your workload is also in AWS. Using AWS S3 while having your compute elsewhere is a recipe for an insane egress bill.
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Dependa how you use it. If it's only for backups then it's fine.
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How much of your public facing workloads rely on S3 if I can ask?
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There's plenty of OSS drop-in replacements for S3.
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