I know a lot of people in this forum have been into vinyl since it was the only format (since before CD) and I often see comments to the effect that they are still into it mainly because of a large collection of LPs, collected over many years. I'll see comments to the effect "If you are starting now, it doesn't make since to go with vinyl". I very much disagree, as the chance to collect a large amount of quality music at low prices is a key reason to get into vinyl today.
I am old enough to have grown up with vinyl, had pretty low-fi equpiment, and learned all the ins and outs of taking care of records when I was a teenager. Flattening warps, fixing mistracking by tilting the turntable, weights (coins) on the tonearm. I built up a nice collection of LPs, mostly purchased used in the 70s, before I could afford good equipment.
By the time I could afford decent gear i.e. had a real job, my musical tastes had changed somewhat and I decided to ditch records and go with CDs in the early 80s. Over the next two decades I got rid of most vinyl (gave it to thrift stores) and built up a sizable CD collection. My turntable stopped working in the late 90s. But I never listened to music as much or as seriously as I did when I listened to vinyl.
I always missed the cover art and liner notes of LPs. I also missed shopping for used LPs. Browsing used CDs never does it for me the same way--with LPs you can examine the media, look for different pressings, look at the cover, find really unique, collectible recordings. I never seem to find anything unique in the used CD bins. Nothing to get excited about.
One of the main reasons for dumping LPs, for me, was that when LPs were the main format everyone used, it was normal (expected) that you loan out your LPs to friends and family. Everyone had a record player and everyone wanted to borrow your records. Inevitably others would not care about vinyl quality as I did, and they come back scratched, warped or with inner groove damage from a bad vinyl setup. This was frustrating and forced you to be either viewed as obsessive and a tightwad or to live with messed up vinyl. CDs changed that, as they were much more immune to damage from loaning them out (or your kids playing them).
How I got back into vinyl:
I wanted to be able to purchase the occasional LP for $3 from a local used vinyl shop, and purchased a low-quality Sony turntable, and a radio shack phono amp, about five years ago. It was the best turntable you could buy at Good Guys at that time. It played pretty much like I expected--I could hear the music but without much in the way of dynamics, and lots of surface noise. Nothing close to the sound of CDs, but I wasn't expecting much--just to be able to listen to some inexpensive LPs. Needless to say I didn't use it much!
About 4 years ago I decided to upgrade my home theater system (pretty nice at the time) for better 2-channel audio (which pretty much sucked on that system). I wanted to purchase a new DVD player that would also have excellent 2-channel red book playback. I was steered by a salesperson to a universal player.
Me: What does universal mean?
Salesperson: It can also play SACD and DVD-Audio.
Me: What are those?
Salesperson: Multi-channel music.
I understood this because I had the home theater setup and liked the idea of enjoying multi-channel CDs.
I bought it and later came to understand that the real value of those new formats was not the multi-channel aspect, but the high resolution. I then began a quest to acquire high-resolution SACD and DVD-Audio discs. This didn't last long as I discovered 1) these formats didn't sound better to me on my system (than the red book layer) and 2) I couldn't buy them in local shops even new, much less used.
I started reading about high-end audio on line in these and other forums, and came to understand all the ins and outs of hi-fi, the difficulties I was experiencing trying to integrate 2-channel audio with home theater, and amazingly, that vinyl was still the ultimate standard for high quality audio playback.
I couldn't understand how vinyl could sound so good. But I decided it made much more sense to invest in vinyl than in something like SACD, given that SACDs were expensive and in limited supply, whereas I lived near a number of good used vinyl shops.
I bought a decent turntable (MMF-7) and a creek phono stage, and my wife and I were both hooked. We both instantly heard how much better vinyl sounded even than the expensive universal player. Then I realized I had only a few LPs to play on it, and set out to remedy that. Over the last few years I have upgraded the cartridge to a Benz glider with an EAR 834P phono stage, a variety of tweaks, and vinyl sounds great. I had to start upgrading my digital setup because I couldn't stand to listen to CDs, and I have too many of them (and of course many not available on vinyl) to forget about them.
I have always been the type of person to like to listen to music seriously, like watching a movie--giving it my undivided attention. Given that, I never minded getting up to turn the record over, brush it, things like that. It gives me something to do while listening that doesn't require much concentration.
I've built up a collection of over 1000 records in 3 years, all cleaned on a VPI 16.5, and all with excellent quality vinyl (I have the patience never to purchase any with obvious or questionable vinyl). These were purchased mostly for bargain prices, compare to CD, and I have a great time browsing the "new arrivals" section of local shops. Some local vinyl shops have closed, but others have expanded their vinyl selections--overall there is more than enough to choose from. I probably have averaged $3 per record. Quite a number of audiophile/new stuff, but loads of $1 stuff in great condition. If a record doesn't sound good I immediately return it or give it away. I don't have to worry about my records getting harmed by loaning them out--nobody I know is interested in borrowing them.
I have a good method to transfer vinyl to digital (for the car or office), and the results sound better than most of my CDs. Lots of fun!
Roger