Well, some areas of the coutnry have to have basements because of the tornadoes. But here in So. Calif, we seldom have basements, I'm guessing the reasons are:
Because the dwelling is on a sandy soil that has a shallow water table, so the basement would be easily flooded.
Because most of the housing built after WW2 used a poured cement slab for the floor.
Because in a bad earthquake, the rest of the house would fall into the basement.
Because it's cheaper to build a second story out of wood than dig a hole and pour concrete walls, needed for earthquake reasons. Also since it doesn't get cold here, the insulation doesn't have to be that great, so the second story is even cheaper.
Probably a combination of the above.
I think that this place has a cool basement.