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If you ever need to edit video & hate subscriptions, check out Resolve. There's a free version that doesn't really miss too many things compared to the Studio version, although one of the missing features is GPU acceleration, which in my case is quite important. Nevertheless, Studio version is not expensive at all, I even got a promo that included both the software license and speed editor surface for the price of one.

These guys hate subscriptions as much as consumers do... even recently, the market has been forcing them to provide some cloud features and they built some sort of hybrid where you buy a device from them, that acts as your very own server.

There's also an optional $5/mo fee you may pay to host a shared library on their project server... but it's not even a per-user fee, you can have as many account as you wish accessing your library, as long as the library owner pays those $5, which seems to me like it's priced to just cover their server upkeep and not much more than that.

No forcing you to use more cloud features, no messing with your data, no dependency on their servers for every single click you make.