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Space was the biggest issue for me as well. In fact, space concerns pretty much stopped me from buying books completely back in ~2006-2007 (before ebooks became a valid option for me, i.e. before shops appeared that would sell me a reader and books) and at the time, I switched over to fanfic almost entirely.
I still do buy the very occasional hardback, if it looks really nice and is something I'm reasonably sure I'll want to re-read many times, but I won't buy paperbacks if I can help it as I absolutely hate reading them (holding them open was always an issue, just that in days gone by I didn't have a lot of choice), and mostly it's just ebooks. I'd say about 80-100 ebooks per paper book, more or less.
I am not about to get rid of my paper book library, especially as now that I live in a flat with one extra room compared to my old flat I don't actually stumble over boxes upon boxes of them any more and because there aren't really that many realistic options other than "throw them away" to get rid of them (and because for the overwhelming majority, there aren't ebook equivalents and I might want to re-read some of them some day), but I am really very careful about which new books I'll buy in paper these days. And when I do, I'm also likely to double-dip anyway and buy a paper book for the shelf and ebook for the actual reading...
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