Domain names seem expensive in comparison. The cheaper VPS that I use for playing around is just $10.29/year.
I thought I’d get a domain name from RackNerd as well, but they’re $24.95/year + I think $4.99 for privacy.
I’ve checked Namecheap, and that seemed great, until I found that renewal prices are often through the roof.
I don’t really care about it being nice. For now, mostly I just want to use the VPS as image host for Lemmy, since Imgur and Catbox are both a bit problematic.
And without a domain name, the images only show as link posts in the default LemmyUI (though it seems to work elsewhere). Plus it makes migration impossible.
Cloudflare sells domains at wholesale prices. Domains are not their business model, they want people to be exposed to their services so you might pay for something they do make money on.