[debarshri]

You can price yourself out of the market with this strategy.

Because every overpaying technology normalizes over time. Someone who is willing to pay more at this point in time, will always find someone cheaper in time next few years.

[rco8786]

You can always lower your price back to market. Pricing yourself out means you've spent the last N years getting paid top dollar. I'll take it.

[debarshri]

In reality, you cannot lower your price. You have mortagages that assume that you will be paid at x amount every month. You life is planned around the money you make. If you take a pay cut, it does impact yuor life.