Most of the time I have 2, 3 or more Linuxes (usually ubuntu-family) side by side and I want to limit the number of my partitions.
So, I only use /
partition for each of them and never had problems. A home folder is present anyway and I do not see why that should be on a separate partition.
But I see that many people recommend almost as a necessity to have a separate /home
partition.
I would see that as an advantage if it could be used for different systems at the same time or something like that, which, while doable, is not what I need, I think, as the home folder contains settings which are very system-specific and also program-specific and program-version-specific.
As far as settings are concerned: using an old home folder/partition with a new system seems useless or even dangerous to me.
As far as data files (multimedia, documents etc) are concerned: as indicated in a comment under this answer - a completely separate partition (outside any system installation) and possibly symlinks is a better choice: isn't it?