We also had the silver tree with the color wheel; I used to lie under it and look up to watch the colors change. Now DH & I have a 36" pre-lit LED-tipped silver "travel" tree that we take with us to hotels for Xmas, but it's sure not the same as that original 8 foot construction project. Dad was meticulous about the brown paper sleeves that each branch of the tree lived in the rest of the year; he had gone through and numbered them and painted corresponding numbers on the tree "trunk" so that we kids would build it correctly each year, and so that no paper branch sleeve would be lost when the box was stored away during the season. Thanks to having preserved the paper sleeves, that thing was still in pristine condition when my mom decided to give it away after his death in the mid-1970s.
We also dressed up for the holiday until at least the early 1980's, but our generation gave it up sometime around college. Living in the Deep South it was never cold enough for actual furs; the warmest clothes we could stand to wear were velvet.
I was the one who always wanted the tinsel on real trees to look just-so; my mother would get impatient and just grab it out of my hand with a "For God's sake, it's only a bit of tin" and just pitch it at the tree like a fastball to let it explode wherever it landed. (Over the next several days I would covertly rearrange it in sections when her back was turned.)