I know I sort of hinted around that I would help with this earlier... and Pink has explained some of how our website works in the other thread... let me clarify this just a little bit more for you.
Hosting: I pay for hosting already. My hosting service will let me host many more sites on my account than I ever actually will. I can provide you with ad-free website hosting for free.
Web Address: They are $7-10 a year. I'm fine with getting a domain name for your guild's website. If you guys want to PayPal me some cash for it that's fine. If not, it's really no big deal. Either way, you can have a .com address not .ws.ru or whatever.
Web Site: It takes me about about 20 minutes to configure a new site with the Drupal (drupal.org) content managment system installed on it. You can look at RockingOurRoo.com to see it in action. You can give members permission to make changes to the site if you want to. No HTML is required unless you want to build a custom template.
If for some reason you just want to have your guild site someplace else that's fine. I would recommend you google "guild sites." There are a lot of hosting services that already offer sites prebuilt for MMO guilds. One that looked pretty good to me when I was researching was GuildLaunch.com. It has everything your guild needs and there is an ad-based option if you don't want to pay for the service.