@bbfantastic With my third, I had a pack n play, bouncer, car seat, and carrier. My husband and I took turns toting him around. He also slept with us. We didn’t bother with a crib or changing table. We didn’t use a stroller until he became a toddler and was too heavy to carry. We bought a cheap little umbrella stroller at that point. I kept his clothes in a neat little organizer that I found at Target. He still uses it for his clothes 7 years later. I think it really depends on how you want to approach your parenting.
We have infant twins and have not taken a minimalist approach with them. Two swings, two bouncers, two cribs, changing my table, dresser, two activity centers, a pack n play with twin bassinets, one mini crib, tons of toys and blankets, etc. It has been the only way we can survive with our sanity. I always recommend registering for baby gifts with each pregnancy.
Friends and family (even co-workers) tend to find joy with buying for baby and it is so nice to receive some essentials. With this last pregnancy, my co-workers pitched in to get us a double stroller and the twin pack n play. Those were big ticket items that saved us some major bucks and got good use.