Once the first SSD fails after some years, and your monitoring catches that, you can either migrate to a new box, find another intermediate solution/replica, or let them hotswap it while the other drive takes on.
Of course though, going to physical servers loses redundency of the cloud, but that's something you need to price in when looking at the savings and deciding your risk model.
And yes, running this without also at least daily snapshotting/backup to remote storage is insane - that applies to cloud aswell, albeit easier to setup there.