I believe free hosted forums are a good thing. I know a lot of people who run very successful forums using these services. A lot of people don't even have websites but still manage to run a successful forum. Generally the admins don't even want to move from the service even when they get to >100,000 posts, they are happy all server management is done for them and the costs involved in running a large forum are handled by the main forum hosting company.
Just try it out on this host :
forumotion.com
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