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I have both laminate and "real" wood.  With real wood you can see cracks open up with humidity in the summer.  You can also get real gouges and it takes time and makes a big mess if you want to refinish.  Laminates have more "give" and they don't seperate.  Most have a warranty for a certain time and generally you can't refinish the wood, but then when a machine applies the finish with greater control than hand application the finish will last longer.  I used to think only "real" wood would do, but now I am a "laminate" believer.......