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Tuesday, March 17, 2020

Business News, Updates

Business News, Updates


The tax-filing deadline will remain April 15, but the IRS will defer penalties and interest on tax payments for 90 days

Posted: 17 Mar 2020 09:49 AM PDT

taxes

Very few aspects of American life, if any, remain unaffected by the coronavirus. Taxes are no exception.

On Tuesday, Treasury Secretary Steven Mnuchin announced during a White House briefing that the IRS will defer interest and penalty payments for Americans who owe up to $1 million in taxes. The tax return filing deadline will remain April 15.

See the rest of the story at Business Insider

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Trump said his coronavirus response has been a perfect '10.' Public health experts say it's been 'abysmal' and he needs to 'stop talking.'

Posted: 17 Mar 2020 09:48 AM PDT

President Donald Trump speaks during a briefing on coronavirus in the Brady press briefing room at the White House, Saturday, March 14, 2020, in Washington. (AP Photo/Alex Brandon)Associated Press

  • President Donald Trump on Monday said that on a scale of one to 10 he'd give himself a perfect rating for his response to the coronavirus pandemic. 
  • But public health experts and a presidential historian fervently disagree with Trump's assessment, and gave the president grades from B-minus to a D-minus when asked by Insider to rate his response to the pandemic the likes of which haven't been seen in a century.
  • They credited Trump for forming a task force of some of the country's leading medical experts, but said his comments misled and confused Americans for weeks and that his administration lost valuable time to develop and spread Covid-19 tests.
  • "The Trump administration's response has been abysmal. It's hard to imagine how they could've done it worse," Ashish Jha, director of the Harvard Global Health Institute, told Insider.
  • "[Trump] fundamentally does not understand that his job is to protect the entire nation, not his presidency," Jeffrey Engel, a presidential historian, told Insider. 
  • Visit Business Insider's homepage for more stories.

President Donald Trump on Monday said he deserves a perfect score on his response to the coronavirus pandemic so far. 

"I'd rate it at 10. I think we've done a great job," Trump said at a White House press conference when asked to grade his handling of the crisis up this point on a scale of one to 10. 

See the rest of the story at Business Insider

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More than a quarter of indebted millennials said they didn't know what they were signing up for with their student loans

Posted: 17 Mar 2020 09:48 AM PDT

college graduateRichard Chapin Downs Jr/Getty Images

Signing up for a student loan is easy — knowing what you're signing up for isn't.

Just ask the quarter of student-loan-indebted millennials who said in a recent Business Insider Intelligence survey that they didn't understand the terms and policies of their student loan when they first took it out. The online survey polled 2,007 American millennials born between 1982 and 2000, fielded to a third-party sample between November 22 and November 27, 2019.

See the rest of the story at Business Insider

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21 mistakes by public health officials and ordinary people that helped spread the coronavirus around the world

Posted: 17 Mar 2020 09:48 AM PDT

Italy coronavirusIvan Romano/Getty Images

  • Since the coronavirus first emerged from Wuhan, China, in December 2019, it has spread to more than 100 countries and infected thousands of people.
  • People around the world have been quarantined, or told to practice "social distancing," to contain the virus.
  • However, several times and in several countries the official containment measures have been breached — whether through complacency, miscommunication, or incompetence.
  • Given the rapid spread of the virus, it is hard to know which mistakes are inconsequential, and which could lead to many more infections.
  • Visit Business Insider's homepage for more stories.

The novel coronavirus has spread rapidly outside of China since its first known case in December 2019, ravaging markets and establishing itself as a global threat.

At time of writing, more than 182,000 people have been infected in at least 100 countries and more than 7,000 people have died from the illness. The World Health Organization officially declared it a pandemic. (For the latest numbers, see Business Insider's live updates here.)

Various companies, governments, and health authorities have put into place sweeping measures to stop the virus spreading, like bans on travel, quarantines, or canceling events.

But such measures rely on strictly following protocols. Whether through complacency, miscommunication, or incompetence, that has not always happened.

Here is a list of all the times something slipped through the net.

A disclaimer: Much is still unknown about the virus and exactly how it spreads. A single breach could lead to millions of extra infections, or zero. Many scientists think containment — even if perfectly executed — is ultimately futile.

Health experts and governments around the world have warned citizens to practice social distancing, but many of them still went against this advice.

Gonzalo Fuentes / Reuters

People in France ignored the government's advice to practice social distancing, and were photographed socializing outside cafes and enjoying the outdoor weather in large groups over the weekend.

Shortly afterward, the French government required people to produce a form justifying why they needed to be outside, and imposed a fine of up to 135 euros ($150) for anyone who goes out without their permission document.

Source: Business Insider



Even though many cities including New York, Boston, and New Orleans canceled or postponed their St. Patrick's Day celebrations, impromptu gatherings were still held over the March 14 to 15 weekend.

Scott Threlkeld: The Advocate via AP

Source: Business Insider



In northern Italy, plans by the government to quarantine 16 million people on March 8 were leaked early by a national newspaper — causing thousands of people to "flee" the region before the measures took place.

Ivan Romano/Getty Images

"What happened with the news leak has caused many people to try to escape, causing the opposite effect of what the decree is trying to achieve," Roberto Burioni, a professor of microbiology and virology at Milan's Vita-Salute San Raffaele University, told The Guardian.

"Unfortunately, some of those who fled will be infected with the disease."

Italian Prime Minister Giuseppe Conte also condemned the leak, calling it "unacceptable," the newspaper reported.

Source: Business Insider




See the rest of the story at Business Insider

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The White House says the government could send emergency checks to Americans within 2 weeks as the coronavirus hits economy

Posted: 17 Mar 2020 09:47 AM PDT

trump mnuchin coronavirusAP Photo/Evan Vucci

  • The government could soon send Americans emergency cash to mitigate the economic pain of the coronavirus pandemic.
  • COVID-19 has caused severe disruptions for businesses and workers across the nation.
  • The checks could be sent out within two weeks, Treasury Secretary Steven Mnuchin said Tuesday.
  • Visit Business Insider's homepage for more stories.

The government could soon send Americans emergency cash to mitigate the economic pain of the coronavirus pandemic, which has caused severe disruptions for businesses and workers across the nation. 

"We are looking at sending checks to Americans immediately," Treasury Secretary Steven Mnuchin said at a Tuesday press conference on the respiratory illness COVID-19. "Americans need to get cash now. And the president wants to get cash now. And I mean now in the next two weeks."

See the rest of the story at Business Insider

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15 Irish sayings that everyone in America should know

Posted: 17 Mar 2020 09:44 AM PDT

St. Patrick's DaySue Zellers / Getty Images

Each year on March 17, the Irish and Irish-at-heart come out in droves to pubs and parade routes to celebrate the patron saint of Ireland.

This year, however, might be a bit different, as St. Patrick's Day celebrations across the globe have been canceled due to the coronavirus pandemic, with pubs across Ireland closed as the nation, and the world, try to fight the spread of the virus. 

Luckily, one doesn't need a public St. Patrick's Day event to celebrate and honor Irish culture. And this year, as many are self-isolating, social distancing, and working from home, there's another way you can show appreciation for Irish culture: by learning some of the most famous Irish sayings.

Business Insider scoured Celtic folklore, online forums, the Bible, and even our favorite Irish pub in New York City to find some beautiful (or hilarious) sayings used on the Emerald Isle. Some of the phrases are historic, out-of-use proverbs with original Irish Gaelic translations (today, 39.8% of the population in the Republic of Ireland speak Irish daily). Others are examples of modern slang spoken in English, the nation's shared official language.

Thanks to New York's The Gael Pub's Irish bartenders Ronan Carter, of County Sligo, and Rory Galligan, of County Cavan, for helping us research this story.

Melia Robinson contributed to a previous version of this article.

"May the road rise up to meet you."

David Soanes/Getty Images

You may recognize this popular blessing (in Irish Gaelic: Go n-éirí an bóthar leat) from Catholic weddings or cross-stitched pillows in Nan's house. One of the main characteristics of Celtic Christianity is the use of images of nature to show how God interacts with people. "May the road rise up to meet you/ May the wind be always at your back/ May the sun shine warm upon you face ..." uses everyday images to mean, may God remove obstacles in your journey through life.



"Sláinte!"

Getty Images / Ilya S. Savenok

In an Irish pub, patrons toast each other sláinte (pronounced "slaan-sha") as they clink glasses of Guinness. Derived from the Old Irish adjective slán (which means "safe"), sláinte literally translates as "health" and is used as a stand-in for the more time-consuming "I drink to your health!"



"What's the craic?"

REUTERS/Clodagh Kilcoyne

Greetings like "Any craic?" and "How's the craic?" give rise to potential awkward misunderstandings for tourists, because craic is pronounced like "crack." The most straightforward definition is fun or enjoyment, and it can substitute for "How are you?" A typical response is "divil a bit," which means "not much."




See the rest of the story at Business Insider

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The 10 most important details we already know about the PlayStation 5, Sony's next-generation video game console arriving this year

Posted: 17 Mar 2020 09:42 AM PDT

Death StrandingKojima Productions

  • The PlayStation 5, Sony's next-generation game console that's deep in production, is scheduled to launch during the 2020 holiday season.
  • As you might expect, the PlayStation 5 is promised to be more powerful than the existing PlayStation 4— and we've slowly been learning more about the next-gen console's new features since it was first revealed.
  • We're about to learn much more: On Wednesday, March 18, Sony will offer a "deep dive" into the PlayStation 5.
  • In the meantime, we've put together what we know so far about Sony's next-generation PlayStation console.
  • Visit Business Insider's homepage for more stories.

The PlayStation 5 is about to finally get its big debut.

Other than a few blips, like revealing the logo, Sony has been notoriously quiet about its next-generation game console. That will finally change this Wednesday, March 18, when Sony says it will offer a "deep dive" into the console, "and how it will shape the future of games." 

Though we're still missing plenty of details, there's a lot we do already know about Sony's next-generation PlayStation console. Here are the most important things we know about the PlayStation 5 so far:

1. It will have much nicer graphics.

CD Projekt Red

Unlike the PlayStation 4 Pro and the Xbox One X — half-step consoles that offered more power in the same console generation — the PlayStation 5 "allows for fundamental changes in what a game can be," Mark Cerny, Sony's lead system architect, told Wired.

Core to that mission is the new console's processing chips: a new central processing unit and a graphics processing unit from AMD. The former is based on AMD's Ryzen line, while the latter is part of Radeon's Navi GPU line.

What that means for you: The PlayStation 5 is built on chips that are yet-to-be-released.



2. It will have much faster — or almost non-existent — load times.

Sony/Marvel

When you think of flashy new video game consoles, you probably don't think too much about hard drives — the thing you store games and game saves on. 

But Cerny told Wired that the next PlayStation's hard drive is "a true game changer." Why's that? Because, for the first time ever, the next PlayStation will come with a solid state drive. 

What's different about that? It's much, much faster than a traditional hard disc drive. In a demonstration of the new drive, 2018's "Marvel's Spider-Man" was loaded up on an early development kit for the next PlayStation — it demonstrated a reduction in load times from 15 seconds to less than a single second.

That indeed could be a game-changer. Just imagine all the time you've wasted waiting for games to load — now, imagine that being erased permanently.



3. It's capable of producing 8K visuals.

Kojima Productions

8K? Yes, 8K — as in "the next step for television resolutions after 4K." And yes, you probably just got a 4K television. (Even more likely: You still don't have a 4K television!)

That's fine. Though the PlayStation 5 will apparently be capable of producing 8K visuals, we don't expect that any games will take advantage of that for some time. After all, there are barely any 8K sets available for sale, let alone a large audience of people waiting for 8K content. And that doesn't even get into the absurd price tags on the 8K TVs that do exist.

This capability seems more like a measure of future-proofing against what will come next rather than a new standard for visual fidelity.




See the rest of the story at Business Insider

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SEE ALSO: The 5 coolest details we just learned about Microsoft's ambitious next-gen game console, the Xbox Series X

The best online deals and sales happening now

Posted: 17 Mar 2020 09:40 AM PDT

  Best Online Sales Deals

We rounded up the 11 best sales and deals happening online today, with savings on sneakers and sportswear at Adidas, at-home tech essentials at Best Buy, Gravity Blankets, and more.

Deals in this story are subject to change throughout the day. The prices listed reflect the deal at the time of publication. For even more deals and savings across the web, check out Business Insider Coupons.

The best sales and deals happening today at a glance:

Additional Business Insider-exclusive deals and longer-term sales going on now:

Find the details of each sale below:

1. Save 20% on select styles at Adidas

Adidas

Shop the Adidas sale now.

Right now, you can save 20% on select products by using the promo code "SPRING20" at checkout. The sale includes popular sneakers like Ultra Boost 20s, Nite Joggers, Pulseboost HDs, Solarboost 19s, and more. You'll also find casual clothing and performance workout gear.



2. Save 20% sitewide at Nordstrom Rack

Nordstrom Rack

Shop the Nordstrom Rack sale now.

Nordstrom Rack's selection of products usually consists of past-season and overstocked items from its parent store, Nordstrom — and because of that, the prices are always discounted. Right now, the discounts are even better during the current spring sale. You can save an extra 20% off sitewide with absolutely no exclusions. You'll also get free shipping on all orders.



3. Save 30% on your order at United By Blue

United By Blue

Shop the United By Blue sale now.

United By Blue is a growing outdoors brand that takes its commitment to sustainability very seriously. For every product sold, United By Blue removes one pound of trash from the world's oceans and waterways and they recently reached the 3 million pound mark. Now through March 23, To celebrate, United By Blue is thanking customers with 30% off almost everything sitewide. Until March 23, simply use the promo code "THANKSAMILLION" at checkout to get the discount. Exclusions include Stasher, Bee's Wrap, Nisolo, Forsake, Warp + Weft, Girlfriend Collective, and Brave Soles.




See the rest of the story at Business Insider

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More than 50 major US retailers are temporarily closing stores in an unprecedented move to prevent the spread of the coronavirus

Posted: 17 Mar 2020 09:40 AM PDT

madewell 4105Business Insider/Jessica Tyler

  • A spate of US retailers have announced they will temporarily close their doors for at least the next two weeks to prevent the spread of the coronavirus in the US. 
  • Most of these companies — which range from mall brands like Urban Outfitters to major athletic retailers like Nike — have confirmed they will pay employees for lost shifts during this period. 
  • Visit Business Insider's homepage for more stories.

In an unprecedented move for US retailers, stores across the country are opting to indefinitely shut their doors to prevent the spread of the novel coronavirus in the US. 

Though companies like Walmart have taken steps to reduce hours, several major retailers are electing to fully cease physical store operations as confirmed coronavirus cases in the country continue to rise. On Friday, Glossier and Patagonia both announced that they will close stores, prompting a flood of retailers to follow suit over the weekend, including mall brands like Abercrombie & Fitch and Urban Outfitters and athletic companies like Nike. 

Early this week, another wave of retailers followed suit, with announcements of closures from companies including Levi Strauss, Aritzia, and all PVH Corporation-owned brands like Calvin Klein and Tommy Hilfiger.

In most cases, employees are being compensated for the lost shifts, pointing to how the global pandemic has led to seismic shifts in paid sick leave policies for retail workers on the front lines. Since the outbreak of the coronavirus in the US, companies like Whole Foods, Starbucks, and Trader Joe's have all implemented new protections for workers for the first time. 

See the full list of retailers that are temporarily closing their doors, below.

Foot Locker

Bethany Biron/Business Insider

Foot Locker CEO Richard Johnson announced on March 17 that the company would be temporarily ceasing operations of all its retail locations in North America through March 31. In a message on the company website, Johnson wrote that all Foot Locker employees would be paid during this time. 

"I'd like to personally thank you for your continued support and patience as we navigate this dynamic situation, which is affecting all our lives in ways we never thought possible," Johnson wrote. "Let's work to protect and care for one another."



Kiehl's

Jamie Smith/Toronto Star via Getty Images

In a message shared on Instagram on March 17, Kiehl's announced it would close its stores effective immediately "until further notice" and pay all employees during its temporary closure period. 

"We are encouraging our Kiehl's store teams to take this time to be with their loved ones and reconnect, while practicing social distancing," the statement reads. "There is no better time than the present to check on neighbors and those who are vulnerable."

 



DSW

Bruce Bennett/Getty Images

In an email sent to shoppers on March 17, DSW announced it would temporarily close all of its US and Canada stores, effective immediately. During this period, the company will professionally clean and sanitize all locations, and "emergency pay will be enacted for store associates who are not working to cover their scheduled shifts," according to the email. 

 




See the rest of the story at Business Insider

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SEE ALSO: Glossier is temporarily closing its stores amid the coronavirus outbreak in a watershed moment for the retail industry

The Trump administration doesn't have its story straight on how hard coronavirus is going to hit the economy

Posted: 17 Mar 2020 09:36 AM PDT

President Donald Trump speaks during a news conference about the coronavirus in the James Brady Briefing Room at the White House, Saturday, March 14, 2020, in Washington. (AP Photo/Alex Brandon)Associated Press

  • The Trump administration doesn't appear to have a unified message on the likelihood of a recession.
  • Trump, Larry Kudlow, and Steven Mnuchin have all responded differently on whether there would be a recession caused by coronavirus. 
  • Their assessments sharply contrasted with those of former administration officials and mainstream economic projections.
  • Visit Business Insider's homepage for more stories.

Businesses across the nation are closing as a result of the coronavirus, heightening fears of a recession that rivals or surpasses the financial crisis of 2008.  

But the Trump administration doesn't appear to be able to get its story straight on the immediate outlook for the American economy and whether there would be a recession. 

See the rest of the story at Business Insider

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A White House official called coronavirus the 'Kung-Flu' to an Asian-American reporter's face

Posted: 17 Mar 2020 09:36 AM PDT

Trump coronavirusAP Photo/Evan Vucci

  • An Asian-American reporter, Weijia Jiang, on Tuesday said that a White House official called the novel coronavirus "Kung-Flu" to her face.
  • President Donald Trump has faced criticism for referring to coronavirus as a "Chinese Virus" and "foreign virus."
  • The director of the CDC earlier this month said it is "absolutely wrong and inappropriate" to call COVID-19 the "Chinese coronavirus."
  • Visit Business Insider's homepage for more stories.

A White House official called the novel coronavirus the "Kung-Flu" to CBS News reporter Weijia Jiang's face, the journalist tweeted on Tuesday. 

"This morning a White House official referred to #Coronavirus as the "Kung-Flu" to my face. Makes me wonder what they're calling it behind my back," Jiang said. 

See the rest of the story at Business Insider

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How to use the 'raise hand' feature in Zoom on a computer or mobile device

Posted: 17 Mar 2020 09:36 AM PDT

meeting hand raised confidence at the officeShutterstock

  • You can easily use the "raise hand" feature in Zoom during a video conference call to let the meeting organizer and other participants know you have input you'd like acknowledged without interrupting the conversation.
  • You can raise and lower your hand in Zoom with a few clicks or taps on your computer or mobile device.
  • Visit Business Insider's homepage for more stories.

In today's virtual meetings held via video and audio software, that same courtesy of raising your hand before you speak that you learned in youth still applies. 

When you are using Zoom to participate in a remote meeting, using the "Raise Hand" function is the best way to ensure you have your say without having to interrupt the meeting mid-flow. 

See the rest of the story at Business Insider

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Dow rebounds more than 750 points a day after coronavirus fears sparked the worst drop since 1987

Posted: 17 Mar 2020 09:35 AM PDT

NYSE happy green chartAndrew Kelly/Reuters


US stocks rose sharply on Tuesday, posting a recovery a day after the Dow Jones industrial average's biggest single-day drop since 1987 — its second-worst plunge in history.

All three major US indexes gained more than 5% as investors rushed back into risk assets. Unstable gains in the morning hours gave way to a solid move up around mid-day after the Federal Reserve resurrected financial crisis-era stimulus measures.

See the rest of the story at Business Insider

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Facebook knows what you're doing on other sites and in real life. This tool lets you see what it knows about you. (FB)

Posted: 17 Mar 2020 09:33 AM PDT

Mark ZuckerbergFacebook

  • Facebook released a tool that lets people see how it tracks their "off-Facebook activity."
  • The social network tracks the websites, apps, and even real-life stores that users visit in order to target highly-tailored ads to them.
  • Mark Zuckerberg first promised that Facebook would release an off-Facebook activity tracker in the wake of the 2018 Cambridge Analytica scandal.
  • Visit Business Insider's homepage for more stories.

Facebook is watching you — but thanks to a newly-unveiled feature, it's now possible to keep tabs on how Facebook is tracking your activity.

Facebook rolled out its Off-Facebook Activity tracker earlier this year. The tool gives users an itemized list of the websites, apps, and real-life stores Facebook knows that they visited, and lets them turn off that tracking.

The feature fulfills a longstanding promise from Facebook CEO Mark Zuckerberg, who vowed in 2018 to build a "clear history" tool for Facebook users. At that time, Facebook was in the midst of the Cambridge Analytica scandal, wherein several apps were accused of improperly accessing the personal information of 50 million people. After Zuckerberg promised the "clear history" tool, Facebook slightly changed course and renamed the tool "Off-Facebook Activity," stating that it wouldn't be possible for users to delete all their data from Facebook.

The tracker shows information that Facebook has gathered about your activity off the app in the past 180 days. Facebook learns that information from its advertising partnerships with third-party apps and websites, which voluntarily tell Facebook the identities of people who visit them. Many physical stores do the same thing.

Here's how to use the new Off-Facebook Activity tracker, and how to turn off some — or all — of that tracking.

Go to your Facebook settings, then select "Your Facebook Information."

Facebook

Under "Your Facebook Information," select "Off-Facebook Activity."

Facebook

Here is a direct link to the Off-Facebook Activity settings page.



You'll be greeted by some information explaining Facebook's methods for tracking your activity outside the network.

Facebook


See the rest of the story at Business Insider

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Coronavirus emergency funds for restaurant workers are being set up — but they are trying to plug a massive shortfall

Posted: 17 Mar 2020 09:30 AM PDT

WaitressCyrus McCrimmon / Contributor/Getty Images

States across the country have closed bars and restaurant dine-in services in an attempt to mitigate the spread of the coronavirus. 

In response, industry groups are setting up emergency funds for the bartenders and restaurant workers who are suddenly without work.

See the rest of the story at Business Insider

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These 5 factors are transforming the healthcare experience for both patients and doctors

Posted: 17 Mar 2020 09:30 AM PDT

sh XL Version 1@2xbii

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  1. Sign up for Digital Health Pro, Business Insider Intelligence's expert product suite keeping you up-to-date on the people, technologies, trends, and companies shaping the future of healthcare, delivered to your inbox 6x a week. >> Get Started
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More than 1,500 US National Guard troops are battling the coronavirus across 22 states

Posted: 17 Mar 2020 09:25 AM PDT

New York Army National Guard Pfc. Michael Ulrichy, assigned to the 4th Finance Detachment of the 53rd Troop Command, helps distribute hand sanitizer to members of the Mamaroneck Highway Department near New Rochelle, N.Y. March 13, 2020.U.S. National Guard photo by Col. Richard Goldenberg

  • More than 1,500 National Guard personnel have been mobilized in 22 different states to combat the coronavirus (COVID-19).
  • On Friday, roughly 400 Guardsmen had been mobilized in six states. By Monday, there were 650 National Guard personnel operating in 15 states. The number of Guardsmen actively battling the virus in the US more than doubled on Tuesday.
  • Some observers argue more military support is needed, and there have been calls for the Trump administration to mobilize the military, specifically the Army Corps of Engineers, to help fight the coronavirus by building temporary hospitals.
  • Visit Business Insider's homepage for more stories.

More than 1,500 US National Guard troops have been called up across the US to help fight the coronavirus outbreak, which has already infected nearly 5,000 people and killed at least 94 in the US.

As of Friday, roughly 400 Guardsmen were responding to the coronavirus, which causes the disease COVID-19, in six states. By Monday, the number had increased to more than 650 Air and Army National Guard professionals operating across 15 states to combat the coronavirus, the National Guard said in a statement Monday.

See the rest of the story at Business Insider

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Microsoft is closing its retail stores around the world indefinitely because of the coronavirus crisis (MSFT)

Posted: 17 Mar 2020 09:19 AM PDT

microsoft storeMatt Weinberger

Microsoft is closing all of its retail stores indefinitely due to novel coronavirus health concerns. The company operates over a hundred such stores all over the world, including a flagship location in New York City.

"We know families, remote workers and businesses are under unique pressure at this time, and we are still here to serve you online at microsoft.com," the company wrote on Twitter on Monday night announcing the closures.

See the rest of the story at Business Insider

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Here are 7 private islands in the US where you can hunker down, for sale for less than $450,000

Posted: 17 Mar 2020 09:15 AM PDT

Greer IslandPrivate Islands Inc.

Looking to hunker down? You don't need to be rich to own a private island.

In fact, owning a private island in the US can be cheaper than owning a median-valued home in some of the country's most expensive housing markets.

For those outside-the-box homebuyers looking to invest in unique and affordable real estate, you're in luck. Business Insider has rounded up seven private islands in the US that are currently on the market for less than $450,000 each.

To put that price point into perspective, the median home value in New York City is $652,728, the median home value in Los Angeles is $723,783, and the median home value in Honolulu is $705,505.

The seven private islands are ranked from least to most expensive and are currently listed on the website Private Islands Inc. They include everything from an undeveloped island in South Jersey to an island that includes a fully furnished, two-bedroom cottage in Michigan.

Keep reading for the full list.

1. No Mans Island in Middle Township, New Jersey, is on the market for $200,000.

Google Maps

Source: Private Islands Inc.



The 19-acre island is undeveloped. According to the listing, it's currently three feet above the water (even lower in some areas) but can be raised if the buyer acquires the proper permits.

Private Islands Inc.

Source: Private Islands Inc.



No Mans Island is located near Wildwood, a popular Jersey Shore beach town. It's also around 40 miles south of Atlantic City and about 13 miles north of Cape May.

Private Islands Inc.

Source: Private Islands Inc., Google Maps




See the rest of the story at Business Insider

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