Well, I own a house, that was built in about 75 or 80, on awood basement.I wish it didnt have one, but there doesnt appear to be a single problem with it. I think that having the weeping tile in place, and properly done is paramount. It just makes me nervous. The thing is, the house needs alot of work, I mean ALOT. I got the quarter of land, and house for 130 grand, so I HAD to buy it. Now, the issue is, do you just kind of patch the house, and in ten years, build the Post and Bream home we want, or do we just throw 50 grand into this place, and make it really nice. I dont know. But, as for the basement, 30 years or so old, and seems very sound, and still not a smell, or leak. But, I think they really worked on drainage, and its just a bi-level. The basement is only 4 feet down. So, the basement windows are really big, with 9 foot ceilings. Also, we have almost finished the basement, and I laid down another whole layer of tounge and groove subflooring to make the floor feel more sturdy.