How to install python 2.7 in home lib

I only have 2.(3-6) in ~/lib/

How can I install python 2.7. It's a requirement for a custom app I'm launching.

The underlying issue is that I need the latest distribute/pip because of version conflicts in the app I'm trying to bootstrap (zc.buildout). but the system python2.7 doesn't seem to work with the latest distribute.

$ python2.7 bootstrap.py -c develop.cfg 
Downloading http://pypi.python.org/packages/source/d/distribute/distribute-0.6.49.tar.gz
Extracting in /tmp/tmpZwVm2d
Now working in /tmp/tmpZwVm2d/distribute-0.6.49
Building a Distribute egg in /tmp/tmpEp2Baj
/tmp/tmpEp2Baj/distribute-0.6.49-py2.7.egg
Traceback (most recent call last):
  File "bootstrap.py", line 154, in <module>
    ws.require(requirement)
  File "build/bdist.linux-i686/egg/pkg_resources.py", line 698, in require
    class Environment(object):
  File "build/bdist.linux-i686/egg/pkg_resources.py", line 600, in resolve

pkg_resources.VersionConflict: (setuptools 0.6c11 (/usr/local/lib/python2.7/site-packages), Requirement.parse('setuptools>=0.7'))

The following article has information regarding this as well: http://reinout.vanrees.org/weblog/2013/07/08/new-setuptools-buildout.html