What are your thoughts on hand me down clothes?

im very into hand-me downs, esp clothings and toys.. clothings apart from the old wivies tale tat baby wearing hand-me down will be easier to take care. Hand-me down helps to reduce wastage, as baby outgrow too fast, no point buying too many clothes.. i think beside toddler stage where they can wear longer, infant clothings usually can pass on to 3-4 babies.. As for toys, kiddos need new things to keep their interest, i dont mind toys in fact it will be a good idea if we can have a platform to exchange for toys that our lo are no longer playing for some other toys which they dont have.