Origin 3 Website Site Design Closed

There's news that a website design company called, "Origin 3" had to shut itself down for reasons that are not very clear...

http://www.sltrib.com/ci_7972938

But in any case, what amazes me is that this company (as well as many others) could charge business owners $6,000 for what appears to be simple websites. I say simple because they appear to be within my range of capability, and I'm not a very sophisticated web design guy.

Are business people that gullible, or are some web design companies that greedy?

Some of the website designers that I've met personally charge only $50 to $100 for a simple, but still decent looking, website. They charge separately for web hosting, and then set up a retainer for updates.

I suppose I could get into the business of selling $6,000 websites that are effectively simple HTML and CSS. But I haven't because I have this thing called a "CONSCIENCE".

If you're looking to get a real estate website built, just know that a simple, clean looking design shouldn't cost you more than $100.00 to build professionally. Web hosting fees should't cost you more than $10.00 a month. If built effectively, you'd hardly need to update it.