You are right, but when self hosting you do have a bit more leverage - such as not being rug-pulled by the SaaS provider before having gone through arbitration.
Organizations need to realize that being right does not matter if you are dead.
Self hosting makes this situation even worse(see recent VMware stories), as they can quote anything or have different price for the exact piece of hardware or something. SaaS at least has uniformity in price of what they offer and the price for new users and existing users can't be very different.
Organizations need to realize that being right does not matter if you are dead.