Anyone know anything about them? We looked at a house today that has them. Pros I see is the floor is wood over what's essentially an uncrawlable crawl space and the walls are insulated just like an above grade wall. Cons...well obviously its wood in a hole in the ground.
I've heard of them before--a builder friend of my parents did his own house that way at least 25 years ago and its still standing and they still live there. Plan to ask his wife for his number next time I see her in church.
Really liked the house, including the exterior basement access and 2 basement rooms that could be combined into one for a nice workshop space.