Where should I invest my money if I do not want to own a house in the SF Bay Area. My wife and I are dinks?

My life is in transition every 2-3 years, owning a house in the Bay Area is difficult (high cost, prop 13, etc). What other solutions do you recommend I invest my money other than Bay Area real estate given my constantly changing lifestyle?

Easy. Buy assets. It's that simple. Learn what an asset REALLY is and then find ways to take the money you have and use it to buy assets and NOT liabilities. A house that you use for living in is NOT an asset regardless of what people tell you. A rental house that produces positive cashflow every month IS an asset. A new car is not an asset. Cloths are not assets. Here is a simple "Rich Dad, Poor Dad" definition. An asset puts money in your pocket EVERY month. A liability takes money OUT of your pocket every month. Learn how to spot assets and then buy them. If a house and stocks are the ONLY assets that you know of then you first need to invest in your education.

stocks and bonds. first though read the following books on the subject.

1) the intelligent investor
2)security analysis

stocks and bonds are more liquid then real estate is. so you are not tide up.

Consult with a professional investment advisor. There are many of great investment opportunities and an advisor would be able to help you match your risk preferences with different assets for investment. Just make sure you diversify as slow and steady is much better than here today gone tomorrow.

Here's my investment advisors site: http://www.andrewjohns.ca

Open a brokerage account at Zecco and invest in REITs.