The thing nobody tells you is that foldable storage only folds flat when it's empty, and getting it empty means finding a home for whatever was living inside it. I have three of these things flattened behind the mudroom door right now because I bought them for a project that never happened, and they're about as useful as a folded lawn chair until I actually fill them with something. Still, once they're loaded, I'd rather have one of these than half the rigid bins I've owned, because the flat sides mean it slides into a gap a round basket never could.
In an ordinary room these sit well tucked under a console table, stacked two high in a closet corner, or lined up on a shelf where they read almost like a row of fabric books rather than storage at all. A linen one next to a bowl of pinecones doesn't look like you're hiding mess, it looks like you meant it. They're also forgiving of a room that's still finding its feet, a first apartment, a spare room that's half office and half everything else, because they don't demand the kind of matching furniture a proper cabinet does.
Where they fall short is anywhere weight or shape matters. Heavy things, books, tools, anything with a corner, and the sides start to bow and the whole thing slumps like a bread that didn't prove right. I learned that one the hard way with a bin full of canning jars that folded itself right back down with the jars still in it, which was a pleasant surprise for my foot. They're also not for anywhere damp, a basement or a mudroom in true snow season, because canvas and cardboard sides don't love wet boots the way a good rubber tote does. For that job I still reach for something stiffer.
Where they really belong is the in between seasons of a home, the closet that's reorganized every fall, the kid's room where toys rotate in and out, a guest room that needs a place for spare blankets nine months of the year and nothing the other three. Small apartments love them because they genuinely disappear when you don't need the space, and that's not nothing when every square foot of a rented place is already spoken for.
So before I buy another one, the question I ask myself is simple: am I storing something soft enough that a folding wall won't mind, or am I about to find out the hard way again?