One of the main advantages of engineered wood is that it is far less
affected by moisture than regular hardwood, which can cup and warp a
lot easier. That means engineered can be used in areas subject to
moisture, like bathrooms, basements, etc., where hardwood is a poor
choice.

I also think that realistically, the refinishing issue between hardwood
and engineered really isn't significant. Both have limitations in how
many times they can be sanded down. In the case of engineered, it's
due to the thickness of the final top layer of wood. In the case of
hardwood, it can only be sanded down to the level where the
tounge/groove is, which isn't too much different. Both can be
refinished more than most homes will every need.

As for laminates, I think "doesn't look quite as beautiful", is an
understatement. Upon a close look, it becomes obvious that it's not
real wood period. Nor does it add to resale value like real wood
does, when you can feature it in your listing. I think it's two best
features are cost and stain/water resistance for areas where that is a
major concern.