I live in a good area and have friends who work in a few different schools out here. Kids are throwing chairs at teachers. There are elementary school classrooms where ~1/4 students don't speak English. The reading/math skills are so dismal, any student who learns at home is bored as hell. Private schools are outrageously expensive. Homeschooling is becoming the pragmatic choice.
Yes, and... In states where property taxes fund schools, there are basically two ways to pay for a good school: a) go to a private school, b) live in a school zone with high real estate values. At various points my wife and I calculated that 8 years at ~25k/yr tuition would work out to about the same as the ~200k house price delta we'd have to pay to move to a better school zone.
And I suppose option #3 is rationing, which is how some schools do it (our daughter is in a gifted academy where admission is limited via lottery.)