That seems complicated for thieves. Why not just look for the driveway to be empty? Vastly increases the options for burglars.
Would there be a gang that would spread out over the countryside to the far flung locations of airplane owners on the off chance they were also the pilots of the same aircraft?
The big question is, why is the owner address an open record? I think that might be the problem, not ADS-B.
For me the problem is that ADS-B is far behind the times. It should be able to be used to identify every aircraft and unusual obstacle that might be encountered and used as a means for autonomous systems to avoid manned systems. However the bandwidth for it is too small to manage the expected demand. On top of that there are concerns that it can be spoofed pretty easily. Concerns about cost are really concerns about the number of users. A new system that would be required for drones IN and OUT, would add tens of millions of users, leading to a significant drop in price as the development and certification costs are diluted. The tech in a hobby drone is more sophisticated than an ADS-B system yet costs far less due to those huge numbers. Every aircraft, hang glider, hot air balloon, Piper Cub or other aircraft with no native electrical system would be included. Permanent obstructions such as radio and tv towers, unusual ridges or outcroppings, power lines could be included - noting that an ADS-B transmitter currently does not have to be co-located with the item it describes.
The present incarnation of ADS-B is too expensive and too limited to provide the functions required of an increasingly dense environment. Tying it to personal information seems off-putting and not necessary.