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Is there a level limit or something? I am CP343 and I have 120 pack and bank spaces (each). I can still buy more bank in Shornhelm, but I get no options to upgrade my pack there (I have previously).
Buying bag space. I was able to buy the previous time I checked, but it was cheaper to get it at the bank, so I didn't go back to the pack merchant until now. It would seem rather STUPID to allow you to buy X amount in one way (or order) and not in another. So you'd have to max out buying all the pack merchant space *before* you bought horse space? IMHO, that would be simply moronic (though given some of the other design decisions in the game, not surprising).
I do need to correct a number though, I have 200 personal bag/horse space.