Over the years I've spent a ton of money for the privilege of owning a "licence" to software. When I updated computers a lot of that went by the wayside, requiring me to buy the new and improved. For about the price of a meal at a local fast food place every month I get Lr, Ps, and Bridge updated every time a new version comes out. For that I also get it on two computers and mobile if I want. New computer, no problem, it's there and ready. I liked the rental approach so well that I switched to it on Office. Like others I want nothing to do with my data on their cloud.
Like it or not the subscription model is the way of the future as more and more software companies go to it. I've already gotten notification that two of the financial software I use are switching.
For now over the long term it pretty much equals out for me on cost to own vs subscription.