I've got a lab for stuff I want to tinker with, but a password manager is seen as an "essential service" to me like e-mail and music. I'd much prefer to pay a bit per month and have a team of professionals deal with it if the servers go down.
If at the end of the day my home server breaks and I want to get on and watch Amazon Prime/Netflix/whatever I still can with a hosted password manager. I value my time and sanity a lot more than £2 a month.