I think there is a significant price difference between the real stuff and what I call laminate.
I did my whole condo ( including stairs) with some T&G stuff that I bought at Costco. It was pretty reasonable, but trim stuff like stair nose is expensive. Stairs were very difficult !
I'm happy with it, about 2 years later.
Carpet is nasty stuff, for sure !
One should be a fairly decent carpenter-type, before attempting laminate flooring as a DIY job, probably double that for real wood. Mine came out fine, but I have considerable construction experience.
I'd say the laminate flooring is appropriate to a lower end application....like a condo or starter home....not right in a nice $700,000 home with marble countertops and high end stuff.
I do have a couple of spots where I have like 1/16th " gaps , now, and I glued the planks...against instructions ! It would likely be worse without having had glued the tongues, IMO !
My final cost was comparable to fairly cheap carpet installed, but I'm not accounting for my labor.
All in all, I'm satisfied with the laminate.
Sometimes you have a limit on what you want to spend, but still want to get rid of the wall to wall carpeting !
It's funny to watch the cat slide around on it.