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So, my faithful steeds have had a history of, well, draconic incidents recently, and so, when leaving Solace, to head out in search of the Steed Stone recently, it occurred to me that procuring a new Equine conveyance would be wise.

The fine stableman over at The Solitude Stables, near Katla's farm, a trustworthy seeming fellow named Geimund, informed me that his horse was amazing, and availiable for a mere 1000 Septims.

I agreed to his price, and 1000 Septims poorer, was informed that it was 'the one with the Saddle'.

However, the horse with a saddle in this stable does not seem to be interested in turning into a plane or tasting like raisins, or showing me the universe. Hell, this horse isn't even interested in being ridden by me - at least, not if I don't want to be branded an inveterate and unpardonable Horse-Thief by every guard from Solituide to Markarth.

Why don't I own the Horse with the Saddle now? Is there a different horse with a saddle that I paid for? Did it wander off? There are only two stalls at the stable, both are occupied by horses, only one has a saddle, and the ride option for both are in red.

I just want a new pony. :(

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You need more carrots. –  DavidYell Jul 18 '12 at 8:04
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+1 for the question title –  Nigralbus Jul 18 '12 at 9:11
    
For anyone who lands here because they lost their horse, see: How can I find or recall my horse? –  SevenSidedDie Oct 9 '13 at 0:36
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4 Answers

Let your body wander to a different location and your steed might find you. (try fast travel)

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Been there, tried that. :( –  LessPop_MoreFizz Nov 27 '11 at 22:17
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Sounds like a bug. Pickpocket him to get your money back and try again.

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He won't sell me another horse. He says he's all out. –  LessPop_MoreFizz Nov 27 '11 at 23:52
    
+1 for getting the money back, it allows you to buy a horse at a different stable. –  Tom Wijsman Nov 29 '11 at 2:10
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I would suggest reloading a previous save and trying again, I've found that it somtimes fixes bugs similar to this. If this does not work, reload once again and buy another horse from a different city.

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This happens to me too. It's a bug, and doesn't seem to go away with save reloading or game restarting. However, you may not own the horse at his stables, but if you fast travel somewhere, your mount may show up. It may only show up if you fast travel to a different stable.

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