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I collect all the Blu-Ray movies that I know for sure I will want to watch again. Steaming, however convenient, does not have the sound quality that Blu-Ray has and I could not live without the amazing sound put into some movies. My neighbor hates me for it but I could care less. They can just deal with a little wall shaking every once in a while.
Not to mention the video quality is also quite a bit better on Blu-ray even for a 1080p stream if you have a properly calibrated display.
I have more than 200 DVDs and Blu-Rays at current. In addition, I love quality 3-D movies and you just can't get that streaming.