Thats what I use in the garage. I mounted them high ehough so a 6'4" person can walk underneath. Only issue is getting the tires/wheels into the thing. I use the bed of the ridgeline.
So when my brother bought his house, the previous owners had two racks in the garage for this purpose - it was listed as an exclusion in the purchase agreement. My brother, the idiot that he was, offered $500 so the guy would leave the racks installed. When I found out (months after they got the house), I quickly forwarded the link to CT to show how much such a rack costs.
In any event, the true regret for the racks isn't the money, but my brother has a HELLUVA time getting the tires/rims up/down (one car is a 2007 Mazda3 (16"); the other is a Sienna AWD (18")). He uses a ladder and it's about as dangerous/crappy as you'd expect.
I stack the tires on the ground in the basement. Carrying them upstairs sucks, but it's only done twice/year.