November 14, 2005

Even Jim Cramer, eternal bull, thinks real estate like dot com boom and bust


Always an optimist, he nevertheless believes that the real estate bubble is about to burst.

“I think real estate is very similar right now to what the dotcoms were like in 2000. Everybody thinks you can’t miss with real estate. Actually I shouldn't say that. In the last five months, I think it's starting to dawn on people that real estate can go wrong,” says Cramer.

On weekends, Cramer now assumes the role of gentleman farmer, feeding his animals, clearing his pumpkin patch and finding time to relax and unwind. But, come Monday, it’s show time.

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