[robocat]

> The low-value, high-margin industry disappears

We have a registry in New Zealand: we don't need title insurance (I haven't heard of it but presume it is available). Unfortunately there are still plenty of other silly costs that remain: the lawyer conveyancing is still approx $1000, you must purchase a LIM in your own name if you wish to be able to contest certain failures of your local government, mortgages require property insurance, property insurers require a variety of expensive work (often pointless shit), you can't get the government cover except indirectly via property insurance, ... Fortunately we mostly don't use sellers agents but vendors agents still take 2 or 3 percent and agents require certification so it has aspects like a monopoly with little competitive pressure.

And the registry can be interrogated so privacy is a problem. Mortgage information also shows in credit reports so there's even less privacy with that sensitive information.