It is funny when People asks for Dedicated servers at budget price, everyone moans but when customer was willing to pay 15$/mo for 1GB VPS, "same" provider will drop down under $5/mo. Overselling is crazy Bitch on its period huh ;)
I don't think corporate world would be managed by end users ;). Kinda like how local chamber of commerce works. Like, every business can be a part of it and etc.... End users benefit would be added 3rd party vetting/verification.
Maybe it can be operated by group of hosting vets who are selected via public vote from fellow holsters? And key will.change hands every year to new group of people. Verified seal for hosters/providers etc. I think I kinda like this idea. And with recent multi company syndrome, this might be...
I don't know for you but faking email and phone no. is easy. All it takes is a gmail and google voice and both of em are free ;)
Now, postal address verification would be something .