Build a FLAC library

I want to get all my cds and recompress them as FLAC files. What’s stopping me getting started on this is:

[1] I give away my cds after I rip them.
[2] I haven’t any spare space to store the FLACs.

But in a few months I’ll hopefully be able to get a couple of terabytes in rackmount form and then I can start trawling the local music stores for all my nofx, afi, de la soul and quest musics.

The best thing about FLAC? You can never ever regret your choice of codec.