Today I started reading Maddy's Believing the axiomsBelieving the axioms. As I knew beforehand, it includes some discussion of ZFC axioms. However, I really hoped for a more extensive discussion of axiom of foundation/regularity.
Apparently, the reason why we usually take it is because it makes sets well-founded and makes $\in$-induction work, or because it puts all sets into a hierarchy (namely $V$). However, these reasons sound to me more like "we take this, because it's convenient". Another reason commonly given is "It's difficult to think of a set which is an element of itself". This is not a good reason, because many things are difficult to think of, and also one could argue that a set represented by $\{\{\{...\}\}\}$ should do the trick.
That brings me to my question:
Are there any "philosophical" reasons to believe that the axiom of regularity holds?
I understand that this question is quite vague and maybe too broad, but I will be thankful for any responses. ${}{}$