The reason why people do not go for the real thing which is timber is because a) it costs triple the costs or even more depending on quality and b) it's not as scratch and dent resistant. A person with a rock stuck in their shoe would ruin the wooden floor immediately even if its top notch hard wood. If you have kids, say good bye to it. You don't have this problem with laminate or bamboo. In fact, you don't need to worry about it after its installed when it comes to someone dragging furniture across it weighing 100kgs. You would defiantly not put a wooden floating floor in an investment property. It beats the purpose of even putting such a thing in. For a house where you will live in and look after, I can see why you would put it in but many still prefer laminate due to its commercial grade level of resistance to getting damaged.
Cypress pine is extremely hard, dent resistant, pest resistant and relatively cheap. You've gotta like knots though.
The "repairability" of the floor depends on the finish applied. Thick, glossy polyurethanes and 2-packs cannot be repaired if scratched. The whole finish needs to be sanded off back to bare timber and started again. Oil-based finishes like Tung don't give a thick glossy finish but can be easily recoated and replied with a light sanding.
I just re-coated an very sad looking hallway that was done in Tung oil about 10 years ago. Ran over it with a hand sander 120 grit paper to lightly remove the grime and dirt and take the top off the old finish, then gave it 2 coats of tung oil with a mop. Looks great, in fact looks better now than when new. (Just remembered, I rubbed-in a bit of oak stain to give it a bit more colour.) No need to sand off a couple of mm back to bare timber, which means the floor will last for decades.
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