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I'm not buying e-books. I can't afford them. But then I never bought a HC of any book either. I waited for the MMPB. However, when the publishers started raising the prices of MMPBs - up and up - I stopped buying those, too. I started buying used PBs.
For many, many years my early source of reading was from the library. I have now returned to the library. Because the library in this town is small and rarely has what I want, I am readying a list to submit for Interlibrary Loan. I also borrow e-books from the on-line libraries and download public domain books.
I purchased my Sony 505 used for $65, including shipping, solely for the ability to have an additional source of affordable books.
If the publishing and purchasing of paper books is in a downward spiral, for me at least, the change started several years ago, long before e-books became popular. I read several books a week and simply do not have the funds to purchase books - e or otherwise.
I don't believe my situation is unique, yet it is a side of the book publishing industry that is never mentioned.
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