In 1995 I worked in a Dutch research institute where the file server was always almost out of disk space. Whenever some space freed up, my manager used to create something he called a 'balloon': a directory with 20 files of 5 MB each (which was huge back then).
If the disk was full and we needed space, he just removed one of those files and we could quickly write our files.
Hoarding in a situation of some scarcity is common behavior, and makes the problem worse. You can't assume people will behave the same way when a resource's availability changes. And this is why we go from plentiful to very scarce so very quickly, with very little in between
you become VERY creative when hard times hit :-)
The default is (usually) 5%. In these more bountiful days of multi-terabyte disks I generally knock that down to 1%.