I think it depends on how big of a house you have. We have a 1,000 SQF home and we just used his crib.
We had the pack and play set up in the basement, but we never used it. He was born in January and we thought it was too cold down there for him.
He has been in his crib from day 1 and it has worked out great. Of course, his room is right next to ours so we could hear every peep.
DH's family has a bassinet that every kid has slept in and we put DS in there just to say that he slept in there, but we both thought it was unstable... we had it set up in the living room, but never used it. It just took up valuable space.
Best wishes!