I always thought it had more to do with the aesthetic of vinyls rather than any sort of ownership dilemma. A good chunk of my friends own multiple vinyl records but no record player. I also wonder what the production rates are like for vinyls vs CDs, are we producing about the same quantity of them?
For some people it’s definitely the aesthetic/collectible nature of vinyl. Anecdotally, for me, it’s for the listening pleasure. I’m no audiophile. I’m listening on potato speakers on a sub par turntable, but I like listening to records like I did when I was younger.
I do also love the much larger album sleeve artwork, but my primary drive in purchasing an album is to listen to it on my turntable.