A housing market that's full of fraud and that has extra-high interest rates still "works". I don't think you're understanding my point at all, or maybe you don't mind fraud.

But in any case, those are the problems that transparency are trying to help solve.

You seem to be repeating the talking point without addressing the counter-argument. Why is a system where people can access that data, just with a couple of roadblocks to avoid mass harvesting, not enough to avoid fraud?

I'm just describing the problems that the current system appears to be designed to solve. If you want to design a new system, great, have at it. I don't have an opinion about that, other than that you probably should try to solve the same problems.