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Speculators (generally speaking) worsen shortages because they take away a desired item from a potential buyer in order to profit ... It is a dick move ...

Personally, I don't care if this happens on a luxury item (like a game console) but when it moves into life's necessities (like housing) I see a big problem with it; profiting off of someone else's misery is always a bad thing. This is why when I hear of all those poor realestate speculators losing their "investment" properties, their nest eggs, and destroying their credit rating I get a smile on my face ... (which I admit is a dick move in itself)