IMO it might be a good idea to store binary assets in Git from a "history management" point of view.

However it's a mess when you have to deal with a lot of huge files. Not especially because of bad-habit but because it's hard to manage on day-to-day and you will face a lot of issues.

One of the issues I got recently is the time required to switch between branches (if LFS-tracked files are changing). It is due to the "checkout" and how git-lfs works (see the Github issue). Actually it copies the file... This operation takes time... Instead it could use hard-link or symbolic-link.