You'll miss out on a lot of the time with your kid, but on the other hand they get to socialize a lot more from a very young age already. Some parents also burn out at home after a while, but that of course depends on the person.
I realize this went quite offtopic, sorry about that.
I believe we have cheap or free subsidized daycare too but it's generally terrible. There's also 12 month waiting lists where I live. My colleagues all pay tens of thousands.