Great! It was just what i was looking for! I wanted something that completed folded and fit in a tight space. This folds directly and slides into the side between wall and washer :-). It is well made and sturdy! Way better than the older metal one I had that never folded all they way and took up a ton of space and always felt like it was going to collapse. 

I highly recommend this product if you're looking for easy folding, fits into small space, very sturdy to hang heavy items that have to drip dry. The top portion works great for laying sweaters flat!