I just have so much going on in my life that a multiple console addiction would be pretty disasterous for me financially, professionally, and personally. I do way more gaming as it is right now on my Switch, and acquiring another console would only make me taht much more likely to get sucked into new time wasters.

Correct.  Because gaming on PC, which I do as well, doesn't really fit into a discussion of consoles and console gens.

As a multi console gamer I say this...

- I always buy console at a discounted price, often during Black Friday or a deal with similar prices.

- That's subjective, nothing to say there.

- If you play F2P content and MMOs, you have plenty of time but spend it with those.

- If you have a gaming PC and a Nintendo console, you're a multiplat gamer. PC shares most of the content on PlayStation and Xbox.

This is a gaming forum so the likelihood of multiplatform gamers is gonna be high here.

I don't think its the norm to play on multiple consoles per se, most people I know just game one console. But multi console gamers are pretty common, especially if they play a Nintendo device because they need a PC, PlayStation, or Xbox for core games.

I personally try to buy all the consoles just to have access to more exclusives. I often find the efforts of 1st party studios more ambitious and fun. Xbox One X is my primary gaming device though.

As far as making time for all these games, I tend to just spend my time playing campaigns so most games I play are about 6-15 hours. I also tend to focus on campaigns when playing open world games as the side stuff tends to just be a time sink. Many games have also left my backlog or I will stop playing if I'm not enjoying them so I can focus on games I consider more worthy of my time.

On a side note, buying all the consoles is not that expensive when you wait for deals. I waited years to buy a PS4 so the price would go down and it would have a good library of exclusives. I don't buy many games at full price either. There is always stuff in my backlog and I'm buying less games at launch now that I have Xbox Gamepass.

Anytime you tie yourself exclusively to the content available on 1 brand, you are missing out, regardless of what you tell yourself.

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I think the only gen where I have not owned every console is the GCN gen. Outside of that I always buy all the consoles so that I can play any game whenever I want.

Is it practical? Probably not. I use my Xbone so much my PS4 Pro practically collects dust and I only use my Switch for Civ in bed. I can see people being content with one console. All of them offer enough to keep anyone busy.

No, but it's not something every one can afford. Its like owning two cars, its ok to have but not something everyone has the luxury of doing.

Honestly, it's more that Nintendo offers something different that makes the something else +Nintendo so attractive. A Xbox and PS4 generally offer similar things so no real reason to buy one over both unless you are really invested in thier exclusives.
Meanwhile nintedo sells because their exclusives are usually the best that generation has to offer, and they have a lot of em.

Sorry. I contradicted myself there. Should have just wrote my 2nd and 4th point. And yeah I guess I am a multiplat gamer. 

I have always owned more than 1 console
every gen but generally use one console 90% of the time. Last gen my main console was ps3 and now ps4. I owned a xb1 as well but rarely use it. Nintendo consoles aren't worth it to me until it's last year during his cycle because you can get their games cheaper through Nintendo selects.