If I were running a business and had to share passwords and control access to things for multiple users, that's probably what I'd do, but all I need is a synced password storage. Self-hosting a server's probably overkill for that.
Also, isn't the vault itself encrypted? You shouldn't have to encrypt extra to do a backup.
If 18's the limit, I'm below that most days, and perfectly comfortable. I just wear a jacket if I need to, with a blanket over my legs if it's particularly cold, and I'm nice and cosy.