Which of the following statements best describes the "wealth effect"? O Households with equity in their houses are wealthier than households that rent their housing O A 10 percent increase in homeownership is associated with a 12 percent increase in economic growth O Expected appreciation in assets, such as home equity, may increase spending on other goods and services in the economy O Economists believe that wealthier households have a positive effect on the housing market, while low-income households have a negative effect. Which of the following are NOT typically included in housing costs used to calculate a borrower's front-end DTI ratio? O Principal and interest on the mortgage applied for Property insurance O Property taxes O Utilities O Other debt service