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But in more direct response to your original post

1 Then I would likely never own anything but the latest PS console

2 I switch the games I am playing constantly, (I play a different game than the day before on most days) so that method would not work for me.

3. I either buy at release or buy it on sale digitally. My answer to that is that I rarely buy DLC. I only buy DLC to games I LOVE. Also you could buy the game at release and wait for the GOTY edition and then wait for the value of the GOTY edition to drop and buy it for 20$ or less. So you only wait for DLC and do not wait for the game and only pay 20$ more.

4. There is absolutely nothing wrong with Day one patches. The only reason it happens is so they can start producing the game sooner so they can meet demand easier.

5 I ONLY sell a game if I hate it.