Exactly. I found a similar configuration for 26eur a month on their server bidding platform. Besides smaller projects and demo/staging instances for clients I get almost 3Tb of "cloud storage" by running owncloud for the price. Even when I payed double for the same hardware I couldn't understand the appeal of heroku. Setting up a web and database server as well as stuff like redis and message queues is not some arcane art. Plus it's much easier to troubleshoot performance problems when you have full control over the environment.
I live in SEE. While we did have "work books" containing our employment history they were eliminated about 7 years ago. All that is now stored electronically in a central place. And it's used as evidence of payed benefits for x amount of time, eligibility for retirement and similar things.