Pandovski, I don't think it's purely a materialistic thing to own vinyl. Though I do agree that some people approach it that way, and there is also something innately great about having all of that music at your fingertips without needing a physical format.
As someone that's had multiple hard drives crash and lost music, I like the idea of having a physical format as a back-up. Whether that be vinyl or CD is irrelevant. Yes, I know one should "back everything up" and storage space is cheaper these days, but once your collection reaches a certain size, it's difficult to have everything backed up (at some point, it would be great to have a handful or so of multi-TB drives, but that's also kind of a headache). That being said, I am to the point where I: 1.) Will only purchase brand new releases from my FAVORITE artists (the ones for which I really do want a physical backup) on the physical format, and 2.) Will still buy used vinyl, tapes, and CDs if I run across them at thrift store prices.
I do still like the sound of vinyl, though. So, I'm not in a rush to dump the format. Plus, as someone that grew up listening to punk, hardcore, and indie stuff, some of the things I have on vinyl still haven't been released digitally (although some have). I also like the sound of CDs. And hell, ever since I picked up a nice Denon cassette deck at a thrift a couple of years ago, I think even some of my old tapes sound pretty good...and I have a lot of stuff on that format from when I was a kid. It all has its place in my mind.