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Tung Oil is still used, especially on softer wood like pine.
As for water based floor finishes, they are becoming the new standard due to low odor and quick recoat time.
If you go waterbased ( I did), use a commercial grade 2-component such as Trek Plus or Bona Traffic.
The finish has held up about as well as an oil based urethane and I slept in the house while I did the floors.
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Randy
'87 911 Targa
'17 Macan GTS
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