Interesting find on why rates are going up when business should be down

[Pangolier]

The article doesn't highlight anything I've said for the past 2 years... But it emphasizes the obvious: leisure spending in theory should go down during weak economic times. What I've been saying is that the girls charging 700+ an hour have likely been getting 90% or more of their business from exceptionally wealthy individuals. These are the same individuals who feel no significant impact of a rescission like this, especially in the long run. If you have a 30 million dollar portfolio, why would you care if it drops down to 20 million, knowing full well that 5 years from now the market will have recovered, and you'll probably be above 30 million at that point? It's a good read if you have a few minutes. Case in point: girls charging 200 to 300 per hour aren't seeing the same effect because their business is not reliant on ultra rich people. If you are making 70K a year as a single person, you can probably afford to spend 200 unless you are living beyond your means, but you aren't going to do it as frequently. Conversely, if it's 700 you are about to spend, it's much more likely you are going to think twice before even a single transaction, let alone doing it on a regular basis..



https://www.businessinsider.com/sex-...omy-2023-1?amp

[TexTushHog]

We are not remotely in a recession. We’ve had two consecutive quarters if strong growth.

“Real gross domestic product (GDP) increased at an annual rate of 2.9 percent in the fourth quarter of 2022, after increasing 3.2 percent in the third quarter.”

https://www.bea.gov/data/gdp/gross-domestic-product

The economy is run I g so we’ll, the Fed is raising interest rates to slow it down, for Christ’s sake

[Michael8219]

From the article:
“A pay cut of that magnitude forces sex workers to become jacks of all trades, dabbling in all sorts of gigs rather than a single trade like stripping.“

"I feel like it gets harder every year," Stanger said, "even though I am more effective and good at what I do."

Translation: more hand jobs, less money, harder dicks.

[Brandee69]

I've noticed that. I've pretty much kept my rates the same.Times are tough for everyone. I was just discussing yesterday with another provider on how some providers rates have went sky high. Why the have is their business not knocking it..

[Pangolier]

Originally Posted by TexTushHog

We are not remotely in a recession. We’ve had two consecutive quarters if strong growth.

“Real gross domestic product (GDP) increased at an annual rate of 2.9 percent in the fourth quarter of 2022, after increasing 3.2 percent in the third quarter.”

https://www.bea.gov/data/gdp/gross-domestic-product

The economy is run I g so we’ll, the Fed is raising interest rates to slow it down, for Christ’s sake

We are not in a technical recession. The fed is raising interest rates in an attempt to combat inflation. We are looking ahead to the next 12 months; we will see if we are in a recession by then.

[Ralph Fults]

Cuts in tech are effecting the West Coast. Quite a few people nervous about next quarter.

[BLM69]

If they're fit, youthful and hot. A few wealthy guys will pay for premium, if you're the opposite, expect the opposite. It's simple math

[ahab11]

Everyone's story is different but RE has cooled off, Crypto has crashed, high paid Tech is going back to the office instead of work at home (less time to HO monger) as they fear for their job. Not a recession but the landscape is changing. When the market and other investments are running hot more money flows into the girls pockets.

[TexTushHog]

Originally Posted by ahab11

Everyone's story is different but RE has cooled off, Crypto has crashed, high paid Tech is going back to the office instead of work at home (less time to HO monger) as they fear for their job. Not a recession but the landscape is changing. When the market and other investments are running hot more money flows into the girls pockets.

I think you’re spot on with your views on the market and wealth effects. I can’t see how crypto crashing has much to do with it though. Crypto is a zero sum game. Fur every Kenny someone Kaye’s, another person looses a penny. Perhaps if crypto owners were more likely to be mongers, but I’m nit sure that would be the case except fir those at the very top. And the folks who shorted crypto, or sold high, made a bundle.

Home prices moderating might have had a small effect, but not much. That increase in wealth is so illiquid, I doubt it has much effect on markets generally, much less the hobby particularly. Nobody is taking out a home load to fund the hobby.

[The Queen Sophie]

I've never once raised my rates.

I stay as busy as I want to be. Never a day goes by my phone "does not" ring and rarely will you see an "ad posted".

It's my choice to take the call, or not. My $ flow is steady but never stops. I don't need to charge $700 hr. Too much drama involved for that amount of time..... ?
My opinion, of course..✌️

[Anthonylewis50]

There's no recession. There is provider inflation (not all ladies but a lot). Makes more sense to see SBs who are often grateful for rent money

[BLM69]

Originally Posted by Anthonylewis50

There's no recession. There is provider inflation (not all ladies but a lot). Makes more sense to see SBs who are often grateful for rent money

There's a hooker shortage on this site, All the good talent we had back in the day realize that they didn't want to be a whore for the rest of their life and probably got married.

Only the lifers were left behind and they see there's not many options for guys that don't know any better or have the time . I support the grateful better options, I'm happy other guys are doing the same.

[Ralph Fults]

Originally Posted by Anthonylewis50

There's no recession. There is provider inflation (not all ladies but a lot). Makes more sense to see SBs who are often grateful for rent money

Inflation has hit really bad in apartment rentals. I’m shocked how much apartments in the ghetto go for now a days. There are quite a few SBs looking to supplement their income with a part time endeavor a few evenings a month.

[sten]

Will you let us know who?

[Sir Lancehernot]

What's the supply side like these days? A cursory glance here every now and then seems to indicate that both quantity and quality have been been diluted since my last encounter more than three years ago. (I acknowledge I could be wrong.)


My own theory is that a lot of women who might have become "hobbyist helpers" have opted for the SB route. It's become as easy, even easier, to mitigate risk in the P4P arena by signing up on a site such as SA, IMHO. And for some, the difference between SB and whore is zilch; but others find it easier to justify their income source by telling themselves, "I'm not a whore; I'm a sugar baby," or, as a friend of a friend used to say when asked about her job: "I have sponsors." Which leads to a secondary thought: I'll bet it's easier to tell some friends that you have sponsors and get them thinking about doing the same thing than it is to tell them you're an escort.


But back to something resembling the original point: I think we can agree that the women whose clientele are hedge fund managers and NBA players can still charge what they were charging a couple of years ago without losing much business. What's interesting to me is that, when layoffs start hitting and/or the unemployment rate starts to rise, it seems like you'd see an increase in supply as some women enter the business out of economic necessity. That should put downward pressure on rates. But I've never noticed either to be the case. Perhaps the increase in supply is matched by a decrease in demand as potential clients are also finding themselves laid off? Shrug.