Do you end up keeping track of every little thing a character might own (e.g. toothbrush, tweezers, pairs of socks)?
Do your equipment lists end up looking like characters from other games (e.g. armor, weapons, and items that assist in "adventuring")?
I'm curious how GURPS groups handle equipment, since the books can get pretty exacting in detail and from my own experience as both a GM and a player equipment is usually only recorded if it is central to the game that is being played.