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I don't loan books or ereaders out. It just causes hard feelings when they're returned broken or mutliated, if they're even returned at all. No one treats my stuff as carefully as I do.
On the other hand, I've given a ton of books, and two ereaders away. I gave my mom my old Kindle I wasn't using, and she ended up sending me money for it anyway because my Dad loves it. I gave my old Kobo to my sister, who was thinking of getting an ereader but didn't know if she'd really like them or not.
Physical books... well, it's just easier on everyone involved to not let them leave the house unless in my mind it's for good. I've traded them out, donated them, sent them to soldiers overseas, and when my son comes to visit he usually takes a couple of my larger fantasy series with him. He knows which ones are up for grabs, and which ones I'm keeping. So when the books leave, I just 'let them go' and no hard feelings to what happens with them.
Saves me a lot of grief in the end.
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