You can also use this free tool to automatically come up with a suitable blind structure which should respect your constraints:
http://blindvalet.com
http://blindvalet.com/en/blind-structure-calculator
You have to factor in the "bullshitting and drinking" in the desired tournament duration. In my experience in similar home games as yours, I would enter a duration 50 to 75% of your actual desired duration depending on how often you are going to stop the timer to refill drinks, roll spliffs, talk to angry girlfriends on the phone, attend to screaming children, etc.
With your constraints you will probably end up with a structure somewhere between a turbo and a super-turbo (super turbos are essentially 100% push/fold games with 10bb stacks from the start (except when two players who doubled up early are pitched against each other), although some players don't seem to grasp that and are still open limping with 10bb or less in their stacks).
No time for "real poker" in your structure, as the stacks are only 25bb deep at the first level and at 12-15bb at level 2, you are already approaching push/fold territory.
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