Control/customizability
The public cloud is a service offering, hence very little control can be achieved over what the company decides to use in their services (unless, you represent a significant chunk of their revenues).
The house analogy will hold good in this case as well. Consider trying to add an art piece to a hotel room. Chances are, unless you are the president of a large country, or a huge celebrity and willing to spend a fortune, the hotel room/suite will not be customizable.
The rental, might be a little more amenable to hanging an art piece. However, what about building a wall? That, your landlord may not agree with. However with your own house, you could build it anywhere you please.
One might ask, why would we need to customize? ...
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