I understand there are ways to deal with the problem of latency in serverless, but this is a problem I'd rather not deal with in the first place. The database IS the application, and I would not want to sacrifice speed of the database for anything. Serverless is totally not worth the trade-off for me: slightly more convenient deployments, for much higher latency to the database.
I'm a solo dev that has been installing and running my own database server with backups for decades and have never had a problem with it. It's so simple, and I have no idea why people are so allergic to managing their own server. 99% of apps can run very snappily on a single server, and the simplicity is a breath of fresh air.