Gallery picture on a U - 505 Type IXc U-boat, the U-505 (German submarine u-505) is a German submarine that sailed during World War II. On the other hand, if you don't lie awake at night plotting how you are going to win the Worlds (perhaps you are a normal, well balanced, well adjusted person - we can fix that!) and don't expect to be in the top five, you do not need the best (and most expensive) equipment.
Apart from buying a new Waterat - approximately $22,000 - a new KISS Rondar - approximately $13,600, a new Witchcraft - approximately $14,500 - or a new 505 built by one of the many other 505 builders, there are (somewhat arbitrarily) three quality levels of 505 available used.
There may be quite a range within each level, and some used boats will need a lot more TLC than others. The idea of building a structure inside a soft hull to support all the rig loads, CB trunk, etc. Dissatisfied with the weight, panel flexibility and lack of lateral symmetry of the Parker hulls of the time, Mark Lindsay Boatbuilders decided to build their own hulls. Mark Lindsay Boatbuilders built a plug, developing a 505 hull shape that was quite different (again within the tight tolerances - we're talking about subtle differences) from the Parker shape.
Though the woodwork on these boats requires maintenance, the boats appear to remain competitive at the top levels in the class, indefinitely. About the same time, Howard Hamlin lofted a hull shape, and built tooling on the West Coast. When Lindsays and Hamlins are compared, you see two different ways of trying to get similar effects. Waterat made both honeycomb cored, Kevlar skinned boats, and a lower cost foam cored, glass skinned boat.
Waterat also made about four beautiful wood-look boats that appeared similar to the Lindsay, in that they had wooden veneer over the cored tanks, wooden centerboard trunk, CB trunk cap, thwarts, transom, and a cored - unlike the Lindsays - foredeck.

Until recently, Lindsays, Hamlins and Waterats were the only fully cored, epoxy layup boats made. Unless badly damaged, very poorly maintained, or badly rigged, Lindsays, Hamlins and Waterats are competitive at the top international levels of the class. Though the polyester layup boats do not retain their light weight and stiffness over time like the super boats do, they are very competitive when new, and are still excellent boats when older.
Great examples of Decent Used Racing Boats, in excellent condition, are available for as little as $2500. If not already upgraded, these boats can benefit significantly from upgraded foils and mast, and improved control systems. A large number of Parker and Rondar 505s were imported into North America until the mid '80s. Many of these are still excellent boats, but they do not have the panel stiffness and the ability to carry rig tension, that the newer boats do.
As these boats were built between the mid '60s and the late '70s, there are significant differences - both Parker and Rondar made improvements over time.
As with the Decent Used Racing Boats category, some of these boats can be improved significantly by upgrading foils, rigging the mast to US standards, and improving the control systems.
The vast majority of the 505s in the world are spinnaker launcher boats with the spinnaker launcher opening at the bow, in front of the jib tack. Despite the jib tacks being about 9 inches apart, there appears to be little difference in upwind speed between otherwise similar bag boats and launcher boats. If you are getting into the 505 class in North America, you should try to stay in the mainstream of what top North American 505 sailors are doing.

Probably the single biggest improvement you can make to an older boat is to put in a high-quality gybing board. Decide how competitive you want to be, and buy an appropriate boat from one of the three categories. In 1983, Larry Tuttle, now at Waterat Sailing Equipment, made arrangements to use the tooling and started building boats similar in appearance to the Hamlins. They are still faster than almost any other type of boat on the water, and in light or medium flat water conditions, a good sailor may be able to beat a super boat. In a bag boat, the crew is usually the one pulling down the spinnaker, so the skipper can focus on steering in tight leeward mark roundings. You will find it much easier to figure out your 505, if you can talk with the fast guys in your fleet about how to set it up.
It is possible to convert one to the other - bag to launcher conversions run $1000 to $2000. Using a planform resembling the Waterat or Lindsay, and a section from the NACA 00xx family, will result in a board with characteristics similar to your competition.

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