The cost of LP's and CD's - an observation

The easy answer is that LPs have become a status product. Status products cost more. CDs are not status products.

I'm glad there are people who still prefer the constraints of LPs and CDs. I sold off most of my CDs and recently found 40+ LPs in the basement I didn't know I still had that according to Discogs look to be worth at least $250 (using the lowest prices) wholesale in bulk. So now I can take those to my local vinyl store and get rid of them. Next step is to get rid of my old turntables that are wasting space. I was amazed to see that my first real turntable is selling for twice what I paid for it decades ago. Twenty years ago I thought I'd just wind up taking it to the dump. Meanwhile, my former CD and Bandcamp collection now resides on one 512GB flash drive and I have millions of albums to stream for ~ $150/yr.

@cleeds Obviously not to me. I got rid of (I thought) all my vinyl in 1990. But obviously to a niche of others it holds some kind of status, in-the-know or hip factor, otherwise all LPs would be at the dump with all the other obsolete technologies. Why else would you spend thousands of dollars on a turntable, cartridge and tens or hundreds of LPs on a technically inferior, inconvenient and space-consuming medium when the same money would give you 10-20 years of streaming millions of albums? OK, I get that a few prefer the added distortion of vinyl, but look at all the "pretty" megabucks turntables out there and all the vinyl aficionados who lust for them. That's not about function.