@tcutter I don't believe the number of records is a relevant factor in the price of your gear, unless you own a trifling small number of records.
I own fewer records than many audiophiles because I didn't like to buy an LP unless I liked at least half the record, and I'm pretty choosy. So I would tape the songs I liked from friends' records or from FM rather than buy an LP with one or two songs I liked.
Consequently, I own maybe 200 rock/pop LPs, ~100 classical LPs, maybe 50 jazz LPs, and ~40 other kinds. But a high percentage of these are audiophile-quality--half-speed mastered, etc. So even though my vinyl collection is a tenth of some other members' here, I still have a $3k cartridge for my turntable, which cost about $3k 40 years ago when I bought it.
I imagine many who own thousands of LPs only listen to a small fraction of those. Some collector types have trouble letting go of things (Freud would call them anal-retentive, but we don't have to go there, necessarily). I would urge those aging collectors to recognize that there is now a resurgence in vinyl sales, and so it's a good time to sell what you don't listen to. And with the current oil shortage, that will probably further worsen the quality of vinyl to be manufactured in the next few years. (I'm old enough to remember the lousy vinyl on some US records as a result of the '70s oil embargo.)
Many current records are based on digital recordings/remasters anyway, so it's arguable whether it even makes sense to buy those. But if you're sitting on a bunch of all-analog vinyl that you don't listen to, why not share it with others so they can discover what good records sound like.