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They're expensive to feed, of dubious utility & practical accuracy and lack the coolness of full-auto. But if they float your boat and you have the $$$......
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Agreed, they aren't practical, but many NFA weapons aren't either. The market is driven by collectibility. The NFA beltfeds are unaffordable for most, so if they want to own anything close to the real thing, then semi is the way to go.
The semi-auto beltfeds can actually be fun to shoot. I have an M53 (Yugo version of MG42), purchased for $2k and someone offered $2,600 the other week. As quality kits dry up it will become more valuable. I'm not getting rid of it now, but in 20 years...