I've come to the realisation that the only way I will have a 'home of the future' is if I build it myself and keep it offline. I love lots of the IOT products and when they eventually come down in price they would be no brainers. But my privacy isn't worth the benefit they provide.
$2000 device that takes up space and electricity to do the same thing, but in minutes
I personally like the second option a lot better, I wish we had an open source version of all the google apps that did it's own ML on your own servers.
SaaS model being ported to hardware is probably the single most user-hostile development I've seen in recent years in tech.
The companies aren't going to do it without regulation.
I don't see how it is a problem for simple rules like "Installed lights must always be controllable from inside the premises" to be code.
It's why i'm building my home cloud and automation system, but only doing so if the devices don't leave my firewall. I enjoy the tech, i enjoy the complication (to a degree), it's fun gadget stuff, it's nifty. However i do not trust them to keep my information safe, even if i trusted them to not misuse it themselves (which i don't).