Forgive me if this has already been discussed somewhere else on the forums, but I personally have not seen it.

Anyway, there are quite a few people out there who seem perfectly happy just using various paid web hosts, while others prefer to buy a server and host everything themselves.

What do you prefer, and why?

Personally I lack the money for a good server, nor do I have the patience required to maintain a good server. Using other peoples servers can be a great way to save yourself some aggravation, especially if they have an up-time guarantee.

What are your thoughts?