There is a little bit of truth to this diatribe which gives it a little credibility. However, the real estate bubble and the dot come bubble are two entirely seperate entities and should not be compared and just will not end in the same manner.
The best lies are hidden between 2 truths.
That said, you are right, these 2 bubbles are of a totally different nature, with different causes, and your right that they will end in different ways.