I still have a large vinyl collection and still enjoy listening to it. Not sure I agree with spending thousands for it to sound nice though. If you have a half decent amplifier and speakers and then add a record player or CD of a similar price point the record player will sound nicer than cd. (20+ years ago one journo wrote that if everybody had a Rega record deck CD players would not have taken off. Rega’s being better & cheaper at the time.
I have upgraded a bit over the years, second hand Naim pre-power amps, PSU & speakers and it does sound nice. I do put my mp3 player through the system occasionally and the sound is so disappointing in comparison, if convenient.
As much as I love my vinyl I don’t think I would really recommend anybody young buying into vinyl due to the storage space and difficulty getting it. Not sure how much a second hand Linn LP12, Naim Nait 2 and Linn Kan II’s would cost, say £1,000(?) but it would still sound great.