When we moved up to Scotland 9 years ago my LP collection was one of the things that I decided to ditch, along with my (fairly modest by Wam standards) Thorens deck. I had already by then pretty much moved over to playing CDs rather than LPs anyway, and had also discovered the delights of streaming from files ripped from CD to a hard drive - the convenience of being able to select the next song or album from a phone app tipped the balance for me, and using the Thorens (and the CD player for that matter) became less and less frequent to the point where I just wasn't using it at all. So I decided that the LP collection and the deck would not be moving North, sold the deck and those LPs that were worth anything, donated the rest to the local charity shop, and after the move, set about the process of converting all of my CD collection to FLAC. In reality, I could have found space for a deck and a record collection in the new house - it was supposed to be a downsizing process, but somehow didn't work out that way - but I don't miss the vinyl thing at all. My CDs are now in the attic and exist in FLAC form on a hard drive, so even they don't occupy living space; I can play anything from the FLAC collection on the study system, the lounge system, my shed, the garage, or on my phone or tablet, as the mood takes me.
Yes, there is some material I had in LP form that I no longer have in my FLAC collection, but having recently signed up to Qobuz and discovered just how much stuff is out there, in at least CD quality, and at the touch of a button, there's plenty to explore, and a good proportion of what I got rid of is probably there on Qobuz if I need to hear it. A case in point - I've had a couple of Lee Ritenour CDs in my collection for a while, and I decided to see what Qobuz has - they list about 30 of his albums in their collection, and I am working my way through them - some absolute gems, such as his only acoustic solo album, Dreamcatcher, which is sublime. So for the price of a CD or so a month, which is probably less than I was spending on CDs, I have access to more music than I can feasibly listen to in my lifetime, and can construct a virtual collection of "favourite" albums on my Qobuz account for easy access, construct playlists, etc., and I can also access Qobuz in my car via my phone and Android Auto. Totally a win/win situation as far as I am concerned, and all without the comforting ritual inconvenience and faff of handling those 12" diameter plastic dust magnets.