Finishing my full concrete basement. People I have spoken to tell me to build the walls first, then the subfloor. It seems to me that it would be much easier to lay down the entire subfloor and then place framed 2x4 walls on top of the floor...there would be just as much work building the walls, but considerably less work putting the floor in place (you would only need to cut plywood at the edge of the foundation, instead of custom cuts to fit around every interior wall).
Nobody has given me a good reason *why* the walls should be built first. On upper floors (supported by wooden joists), walls are built on top of the subfloor, right?
I suppose that if there was water damage in the basement, it would be easier to remove a section of subfloor that wasn't being held down underneath walls. Any other ideas why it might be a bad idea to build the subfloor first?