I know this may be a very old answer, but it took me two days to solve the problem so I'm going to share.
The proper way to manage python versions in your system to work on different projects without them driving you crazy is to use pyenv and its plugins pyenv-virtualenv and pyenv-virtualenvwrapper as described by Henrique Bastos into this blog post. Notice that this way to work is kinda platform independent, since pyenv is a python package and it can be run quite similarly on Windows, Linux and Mac OSx.
The problems start with Arch Linux. The OS doesn't provide a pacman version of pyenv, so you have to install it cloning it from github as described in the installation section of the release. The installation process is the same both for pyenv-virtualenv and pyenv-virtualenvwrapper. Notice that the shell initialization configuration may be different, in my case it didn't work for ~/.bash_profile, but worked for ~/.bashrc .
Running pyenv is not straightforward if your installation is very fresh like the one I'm setting up in these days, since pip requires openSSL and even if you install it via pacman, pyenv doesn't see it. So, if you want to install an older version of Python (namely 3.4.3), you will find the shell complaining about you haven't installed the openSSL plugin, even if you have it. To be honest, I didn't have the right packages the first time I tried to install it; you have to download the following packages
sudo pacman -S openssl
sudo pacman -S openssl-1.0
sudo pacman -S python-pyopenssl
sudo pacman -S python2-pyopenssl
The way I solved the problem is to add the flags as described in the pyenv installation FAQs: that solution eventually led me to install the python version I wanted:
LDFLAGS="-L/usr/lib/openssl-1.0" \
CFLAGS="-I/usr/include/openssl-1.0" \
pyenv install -v 3.4.3
To avoid to go on the FAQs page everytime you want to renew the python installation environment, you can add an alias in ~/.bashrc or whatever is you shell as follows:
echo alias pyenv='LDFLAGS="-L/usr/lib/openssl-1.0" \
CFLAGS="-I/usr/include/openssl-1.0" \
pyenv' >> ~/.bashrc
In this way you can install python properly with a clean pyenv syntax, and manage it via its plugins in the same way (since the syntax is pyenv [COMMAND] [OTHERSTUFF]).