Hello everyone, and thanks for the heads up Nick!
I do websites for small/home businesses, in particular because I know that it can cost a fortune to get started, and I think it's a bit unfair to be charged high rates for simple websites. Sites touting flash and high-end designs are one thing, but simple websites (some with moderate flash) should not break the bank.
I also agree that there are several designers that have unfair contracts where not only do you not own the URL (domain name), but they retain the rights to your design if you don't use their services for updating the site, etc. I have a client that had this problem with her original designer, and it is in her contract, so there isn't much she can do but start fresh. And that, in my eyes, is unfair (but since it's in the terms and conditions, unavoidable once you decide to use their services).
So, in short, I wouldn't do that... BUT should someone else do your site, be sure that you understand the terms and conditions fully, so that you are not caught out in the end.
If you want to see some of my designs, have a look here, and you can email me at hello (at) lynnoverend (dot) com.