"We used this paint to cover a 50 year old basement floor that had at least 3 different colors on it prior. We have had the house 2/12 years to date. The basement had water issues BAD for years and the paint was chipped up water logged and just nasty. We got the water issue fixed and scraped up as much of the loose paint as possible but if it wasn't loose, we left it. So far we have only repainted 1/2 the basement floor, with two coats. We did this in late January 2016 and so far it is working out great. We even had to replace the water heater and the newly painted floor got wet and it didn't wrinkle or peel at all. It did scrap up a bit but we had to drag the old water heater over a part of it so that's to be expected. All in all, I would HIGHLY recommend this product and we are now working on the second half of the floor. VERY happy customer!! :)"