I think sugar bowl works exactly the same as hobbying. MILFs know how to please a man and are open to pretty much everything in bed except maybe BDSM (not my cup anyway), but their looks fade with age (wrinkles, cellulite, etc.). 20-something coeds are exactly the opposite: they have the looks but generally have no clue in bed and their options in sex are fairly limited (there are exceptions of course). Coeds ask for more because they know they are hot, and MILFs usually don't ask for as much (again there are exceptions). There is usually a difference of $200 between MILFs and hot coeds in the DC area (at least the ones I have seen). Do you pay more for looks? It seems like the idea of seeing SBs is banging the hot chicks that you can't get at your age, but I often feel it's not worth the extra $ after another lackluster performance from my hot SB.
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I think there's a lot of other factors at play here.
First, I think the ones who generally enjoy the experience (not necessarily linked to age) are not asking as much. It may be true that the coeds who may not be interested in sex feel they can leverage their looks nad see this as short term P4P option. But a lot of gals want to establish a relationship (again, not always age-dependent) and may have a more reasonable PPM if they feel it's a long-term arrangement.
AsianManNOVA, I am in the DMV, and more specifically in Northern VA. Agree with your post in that I am looking for older SB's (28+) for several of the reasons that you stated. In the older age bracket, I search for looks knowing that the odds are the sex will be great.