RealMoney Radio: Google's Right Hook

Apple was recently trading at $91.19; Cisco was recently at $26.93.

The worst is likely over in the real estate sector, Cramer went on to say. "The crisis may be reaching its course ... maybe six months from now."

Using a personal example, Cramer said that he and his wife have a "substantial partnership in real estate" that they have moved almost entirely to Mexico as it became more and more difficult to continue making a profit by investing primarily in New Jersey and Pennsylvania.

"We were continually outbid by Toll (TOL Quote) and Pulte (PHM Quote)," Cramer explained. "We even sold our shore properties, which were insanely overvalued."

However, on Monday, after being shown a property that normally would have traded at $1 million two years ago, and purchasing it for $450,000, Cramer believes that it's time to start buying again.

It is the first property Cramer said he's bought inthe U.S. since 2004.

"There are genuine bargains out there," he said. "Maybe this is how bottoms are formed."

Cramer said if they had missed this bargain and hadn't purchased the property, they would have kicked themselves. He added that this is the first time they've felt this way in years.

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