For those unaware, if you want to use the latest Office Suite (2024), but don’t want to pay a monthly fee, Microsoft still offers a one time purchase [0] for $149.99 which is now cheaper than the (new) one year subscription (with no cloud storage of course).
One catch though is that this can only be installed on a single PC (and there's online activation, so it will actually check). So if you have a desktop and a laptop, you'll have to pay double, whereas subscription covers up to 5 devices, if I remember correctly.