I like hanging my laundry to dry, but not outside during the three seasons it rains and is cold all the time. So I've purchased these drying racks and have mounted them on the wall. They lay flat when not in use.
But pop out when it's time to hang the laundry.
A full rack will stick out fairly far, but I can still get by.
I've also got an Octopus dryer in the closet for my underwear and socks.
It's handy because the clips are built in. I also think that things will dry more quickly in there because of the heat from the hot water heater. The pipes are insulated, but I can feel a temperature difference.