No, you have the wrong idea about virtual machines. What you describe sounds like actually booting the Mac into a different operating system, such as Windows under Bootcamp.
Well, in the early days of virtualization, isn't that how things worked?
Okay, so I was wrong. Thanks for teaching me something new!
Parallels runs just like any other Mac app. I can have Windows 10, MacOS Mountain Lion and MacOS Sierra all running simultaneously in separate windows. From the user standpoint, it appears exactly the same as if all my software is running natively under Catalina.
That sounds really powerful.
They all access the same files on the same disk, which is another huge advantage. And if I double-click on a document created in a Windows app, the VM automatically starts and it opens right up.
How does that work if different OS's use different disk formats?
For instance, Windows uses FAT32, right? And newer macs us APFS and Mountain Lion maybe uses HFS+.
So how does that all work?
But from what you've told us, your Mac usage is very basic.
I don't think I'm a basic user, but I try to keep things simple on my Mac. ;-)
Doubt there would be any advantage to running VM's in your case, the only reason I brought up MacOS VM's was because
@iluvmacs99 said he was running Mojave to use legacy Mac software. Depending on the program, this can be accomplished in Catalina or Big Sur with a VM.
Well, at the heart of this thread was my concerns about no longer being able to user macOD Sierra as my OS.
So let's apply what you are talking about to my case...
Let's say, hypothetically, that I couldn't find a reasonable replacement for my 32-bit Zoiper VOIP app that I currently run on macOS Sierra.
But let's say that I decided to upgrade to macOS Big Sur because that would allow me to access the library's free Wi-Fi.
Also, let's say that I decided that switching to macOS Big Sur had merits because of better security and using modern 64-bit apps.
Finally, just thought of this, let's say that I wanted to have a backup copy of Audacity on Mountain Lion because I prefer the older app version as compared to the newer version I use in macOS Sierra.
Wouldn't virtualization be good if those were my needs?
(I'm always looking to learn new things and grow, and that is why I signed up for the MacRumors forums - to expand my skill set!) ;-)