Many people, like me, still love their CDs and they can be had very cheaply. Used LPs are ridiculously expensive and prone to defects characteristics of vinyl. Many of the domestic LP pressings were simply awful (Westminster, Angel, Columbia, RCA, etc.) and back in the 70s and 80s we preferred imported pressings like DG, EMI and many exotic import labels. The remasters CDs of these old recordings are vastly superior played on a modern digital system. To me the LP popularity is based on pure nostalgia because messing with a Thorens TT, an SME arm, and a fine cartridge is very pleasurable. I know people who still swear by Telefunken 78s, and with good reason. I am trying to resist a Revox A77 open reel deck, which is really silly but they are great things to have. But digital rules, no question.
The cost of LP's and CD's - an observation
Back just before CD's, Albums were usually around $6-8.00, cutout less, double albums a bit more. When CD's first came out they were 'premium' items and cost $10-15.00, slowly the prices for CD's came down and records slowly all went down to a buck or two then disappeared. Now it's reversed, CD's are a few bucks, new Albums are usually around $15 to 25.00. (I didn't figure out the inflation rate, someone else can add that in) . And those cutouts can now be worth a small fortune. I just thought this reversal was interesting. Of course with Streaming, music of any quality is very cheap.