Homeschooling: good or bad?

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I used to be pretty anti-homeschooling, but my position has softened a bit as public schooling has seemingly gotten worse over time. I still think the average parent lacks the resources, skills, committment, etc, to effectively homeschool, but there are also some parents doing a way better job than public schools could, especially depending on the state/district since quality of education can vary pretty heavily based on location.
Thus I became a madman.