I did a price comparison of webspace vs. LJ, and buying a domain plus webspace would cost ~$120NZ a year, whereas LJ costs ~$37NZ a year. And with a webspace there's design issues, keeping it updated, bandwidth issues, etc, which are not problems with LJ. You can post snippets on LJ, short stories, maintain a static post with the links to your books, organise everything with tags...there's nothing that should suffer for not being on a webpage.