Interested in this myself.
I am in more or less the same situation as Tuco (minus the fact I have living expenses! -.-;;
But I put away ~$1300 a month. I have just under 40 thousand saved right now. I can't see myself buying a home in the area I live for at least five years. Friend is purchasing his first home with the help of his parents (rich!) and three of us are moving in with him to help him cover the costs.