We lived in a stucco house. We had to have the house re-stuccoed. This was in the midwest. Our stucco contractor, considered the very best in our large metro area, told us NEVER to paint stucco. If it cracks, have it fixed by a stucco contractor, but it has to be recoated with stucco paint, not regular paint. I've seen stucco houses that have been painted with regular housepaint, and after a while they peel and it's a gawdawful mess.
Other than that, our house was great. I love stucco.