Just finished my basement. Let me share some lessons’ learned. Do not nail to existing floor joist. They have bowed and warped over the years, which will throw your level/plum off. I used metal studs. if you have concerns with water. If not, pressure treated is recommended for the bottom plate/nailer. Also watch for floor joist flexing.
Good Luck.. Don't forget to upgrade your electrical outlet count in the basement too
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