I'm a free market guy myself, but I'm not talking about where an SP should set her rate to generate maximum revenue. I'm talking about the perceived value of the session from the client side.I don’t think any sp is over-rating herself if she is able to generate business at her chosen rate. It’s simply a matter of what the market will bear.
No one should ever confuse an SP's rate with her worth as a person. Those are (almost) entirely separate issues. Who she is as a person will, of course, partially leak into her value as an SP, but other factors play a much more important role. Just like with any service provider. The guy who did the drywall in my house was a bit of an arrogant dick, but he did fantastic work and that's what I paid him for.I think perhaps sometimes these conversations get nasty because people confuse an SP’s rate with her value or worth as a person. These are two entirely different things imho.
I think this discussion turns nasty because of two reasons. From the client side, the client feels disrespected that they're being asked for so much money for just one hour of the agreed upon services (which is a very high rate for entertainment). SPs should keep in mind that many clients have to put in many more hours of hard work to earn that much after taxes to pay for a session. From the SP's side, there are expenses and drawbacks that clients don't see and so don't factor into their idea of what a proper rate should be. Clients should keep that in mind before judging.
However, for me, it has never been about judging an SP's character in setting her rate. It's merely the question of "is this worth it to me". If it's not, I don't book. If it is, I do. Seems straightforward to me.