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I do not think this is true.
(aussie.zone)
Home Assistant is open source home automation that puts local control and privacy first. Powered by a worldwide community of tinkerers and DIY enthusiasts. Perfect to run on a Raspberry Pi or a local server. Available for free at home-assistant.io
Companies go out of business all the time and others decide to sunset systems in use so customers are required to upgrade despite it is still working. So yeah, be realistic about expectations for any external service you decide to invest in.
Edit; and some things like smoke detectors do in fact have a life span after which they are degrading. Ten years is normal for a smoke detector.
the post is about wireless networks, not online services