Re: I just dont' get it
Lots of back and forth on this, but I want to point out two facts about floatation, foam, and boats that haven't been mentioned.
First, the laws applicable to boat floatation in the US aren't actually laws. They're regulations from the coast guard, and published as part of the federal register C.F.R (Code of Federal Regulations). A link to the applicable part of the CFR is here:
http://law.justia.com/us/cfr/title33/33-2.0.1.8.44.html#33:2.0.1.8.44.5
The mentioned "floatation materials" can be used to meet the requirement, or air chambers (sealed compartments) can be used.
Note that the CFR also lists things like capacity plates and appropriate HP for propulsion. In other words, not having floatation appropriate to the boat is the same level of infraction as not having a capacity plate at all or having an oversize outboard. Some USCG inspections (if anyone actually sees the USCG these days) won't even notice, some will be picky.
Second, note that the obvious thing to prevent rot on boats has been and is still being done... most "real" boats, IE those not meant solely for recreational use and mass produced are still made with a bilge system. That is, they are designed to allow water to drain to the lowest point in the boat where it is pumped out. Personally I would not want to own a boat that did not do this. Larger boats actually use several isolated compartments, basically the sections of the boat aren't connected, to ensure that a leaky section that fills the bilge won't sink the boat.
We see so many boats with rot and wet foam on this community because:
A) these are the cheap boats and the most common type of water craft around
B) Better made boats tend to rot less, they last a long time and and don't show up as often here
C) If you're trying to get a good boat cheap, like many of us here, you're not going to go out and buy that Donzi or aluminum lake assault boat for $5000 to fix up... you're going to pay $500 for your neighbor's old Bayliner in the hopes that it's not too rotten.
If manufacturers still had to make boats without foam, with bilges and provision for getting the water out, there'd be fewer boats out there in general, but there'd be more older boats on the water too.
Erik