I have my grandmother's frame like this. She had it hanging in her bedroom. However, she just had eye hooks in the ceiling with rope running down to the corners of the frame. When she needed it out of the way, we would climb on chairs and just wind the rope around the boards until it was high enough. Her bed was to the side and her ceiling fan was over her bed. Her house was small, but her bedroom was the largest room in the house because is once had two full size beds in it. I often think about her quilting in there, often with a couple of her sisters. She had a small TV in the room so they could watch their soap operas while quilting.
Reading the title of this thread reminded of something she often said..."There was nothing good about the good ole days." In other words, she liked her modern conveniences.