Quote:
Originally Posted by Setec Astronomy
Myself and Jr. and Spilcy live in the commuter corridor to Wall St. (let's just say that all the towns around here have WTC memorials with plenty of names on them), and the contractors (painters, roofers, etc.) are legendary for changing their pricing based on the zip code they are in. They know where the clientele can afford to pay more, and they bid accordingly. And no, they don't go out of business, there are plenty of more houses to go to...just like Moritz BMW doesn't go out of business from swirling up all those cars you get to fix. Speaking of that, I would be willing to bet that the hourly labor rate at the BMW or Benz dealer is more than the local Chevy or Ford dealer.
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More excellent stuff SA!
I'd like to add an anecdote to this....
Two of my best friends are contractors in NYC. Much of the work they do is in the cental park area (Central Park West seems to be their area). As SA and other New Yorkers know, the people who live in that area are, well, lets say "VERY COMFORTABLE" in life.
My buddies have TWO sets of prices. One for the Central Park area, and one for everybody else.
In fact, they KNOW if the don't inflate their prices, they won't get jobs, because the wealthy will think they are hacks. They have told me that the markup on their work is anywhere from 3 to 10 times higher than if they were working in Brooklyn or Queens. Sounds like progressive pricing, no?