It really is one of the great (albeit first-world) debates. Roommates move out over it. Married couples squabble because of it. And it's got a shockingly long Wikipedia entry (we're talking 130 footnotes, people).
http://www.countryliving.com/homes/home-maintenance/right-way-to-hang-toilet-paper
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ASKING $1,328,000
16-4411 WILLIAMS ROAD, RICHMOND BC (click on image for details)
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