I had a hanging file system and found I had too much paper for the 2 racks I had. My DH hated them, also. When my LSS went out of business, he bought me three or her paper racks and I am in heaven! One is for Cardstock, one for patterned and specialty papers and one for paper collections.
He also bought me one of the revolving racks to hang all my stickers, bling etc.. from-- my room looks like a store and I LOVE it! I am so lucky! It is all organized and easy to see so I can use it-