Downgrading from Rega P5, what next?

I don't get the sense of your original post at all. Why would you get rid of a nice Rega P5 just because you're going to have kids? And what is a cheaper turntable supposed to solve? If you sell the P5 you take a big hit on depreciation, and entry level turntables have gotten at least 20% more expensive in the last couple years, so there will be a much bigger gap in quality for the amount of money "saved."

If it's a matter of not playing the music because the babies are sleeping, then--like others said--get a nice headphone rig for your current system. But it makes no sense whatsoever to downgrade your turntable. After you get the babies to sleep and you need to relax, won't the P5 do a better job of that than a decidedly lower rez Debut III or P1?

I agree with Johnnyb53. Keep the P-5. Happy Listening, and my best wishes for health and happiness to your growing family.

Another vote for keep it.

Keep the P5 unless you're strapped for cash. I lost my listening room due to our first child being due any day now. My TT simply won't work out well in the living room, so it it's boxed up and stored until we move, hopefully in a year or two. If I needed the money, I'd have sold it.

By the time you sell the P5 and buy something like a P2, your profit margin is going to small, if not non-existent. Unless you're buying second hand. Only you know if you need the extra money or not. If it's not about raising money, keep it IMO.