Most luxury vinyl floors are considerably less than the products they are trying to mimic (wood and ceramic, respectively.)
A hardwood floor is a longer-lasting because it can be refinished many times before it needs to be replaced. Ceramic or porcelain tile that is correctly installed would definitely outlive its fashion window.
Vinyl has been, and may always be, in the back seat. 9 out of 10 times it is the more cost-effective flooring solution. Most people equate its price to its quality vs. other hard surface solutions. The technology has come a long way with luxury vinyl flooring, making it more durable and better looking than ever before. Whether it is true or not, it may always carry the myth due to its reputation of the past (asbestos, yellowing and gouging problems etc.)
Luxury vinyl flooring's best characteristics are its resistance to water and its reparability. Water is the main source of damaged floors. This makes luxury vinyl tile the perfect choice for areas like basements, kitchens and laundry that might have a tougher life. Sheet vinyl (replaced linoleum) has many of the same water toughness of luxury vinyl flooring. On the contrary,, it falls short for reparability and may rip or curl.
If there were a perfect floor... it would be all we would sell. Each different floor has distinct characteristics that make them all good at something. If you need a tough floor for less money, luxury vinyl flooring is the way to go.
Visit Creative Carpet & Flooring to see for yourself how luxury vinyl flooring has come a long way!