46erjoe, 6/20/2006, 9:27:09 AM,
wrote:

Related question: Should I hang the sheetrock a smidge - maybe a
half-inch off the (concrete) floor, just in case of water leakage?

This is one reason to hang the sheetrock horizontally. When I went to
Mississippi to help with Katrina rebuilding I was taught to hang it
that way in case there is more flooding. That way only the bottom
wallboard must be replaced.

If you put up chair railing at the four foot seam you can easily hide
that joint also.