And I'm bold enough to go beyond what Tyson just said -- lots of live music really sucks and sounds better when recorded in a studio.
How many times have you gone to a concert and heard one of your favorite songs and said to yourself, "I prefer the recorded version"? Not only are the vocals clearer on the recording, but they aren't being drowned out by the music, the bass isn't boomy, and the sound isn't running together like diarrhea. You ain't there to hear high-quality music. Even most live recordings suck. So, yeah, when audiophiles say they want to hear music in their living room as though it's live, it sounds like something you're supposed to say, but don't be delusional about it.
That has happened but more often (this is off topic a bit) the performance and performers amaze me and it isn't just about the music but the creativity.
In doing some live stuff, getting things right is really hard. It is also a lot harder than people think to play and sing at the same time or to remember all of the words or to hit certain things when the elements are against you.
Live stuff is much better now with in the ear phones so that you can actually hear yourself. When I did some concerts, you just had floor monitors and usually they sucked so you really couldn't hear what the heck you were doing especially if you were singing.
The thing that amazes me sometimes the most is watching and listening to clips of the Beatles or other bands who didn't even have floor monitors and had girls screaming at them. They couldn't hear anything and yet they still sounded as well as they could have possibly done even without good PAs.
Tyson hit a point which is that movies don't really look real but you can lose yourself in them and for a couple of hours buy into a good movie with great visuals/audio and/or acting/stories. The same is true with recorded music. You can just let yourself fall into it and, unlike live music, you're not dealing with a drunk lady in the row in front of you trying to sing every song or the two guys trying to hit on a girl to your left, the cigarette smoke behind you or even worrying about how you're going to get up for work tomorrow.
Music in your home can transport you, heal you or just make you happy for a little while.