When we bought our 1939 home 10 years ago, we removed dated carpet from our stairs and discovered painted pine stairs.  It’s not like they were nice wood that could be refinished, so we simply painted them with white oil-based porch paint.  Worked great, but it requires a new coat to freshen them up every 3-4 years.  So, THIS is what I’m thinking about doing rather than yet another coat of white:

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